Stance: We may have hit a high into our turndate this week, next cycle turn is 23rd (+/-).
As for elliott waves, as we mentioned earlier this looks more and more like an expanded flat for wave B. We could very well see SPX 760 or lower by April 23rd. Things are quite unclear (atleast to us :-() in the next 2-3 days given what looks like a light volume consolidation.
Trades: Stopped out of the remaining 25% of our SPY calls for a small loss, but overall the long call trade was profitable. Nibbled at TBT in accordance with our post yesterday.
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