what’s next then

What's next? More of the same or a strong move? We've had 3-4 strong moves with the net result being zero.

So, modifying the longer term strategy to accommodate the chopiness, and so I have initiated LONG & SHORT positions at 1930 and 1820. Use the blue cone to protect these positions rather than S/T signals. Hold positions until 1 week prior to expiration and roll out accordingly.

If the picture becomes clearer, then we may need to morph the positions into a directional position.

Chart of S&P500 for 24 April 2014

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