Sell Signal – S&P 500

I am issuing a sell signal to the Founders Group on the S&P 500 index position at the open this morning to take some profits. We have a substantial, short-term profit and I don’t want to fight the market-makers today who may try to drive the market into the WEM expiration level at 3830. This is a short-term concern, and I am being hypervigilant. I believe that the market will continue to move higher next week. I will reposition at the breakout level around 3850 if possible.