A look at the market JanWk3 (Jan 13) and you will realise that the SPY has indeed closed at an all time high at $148.33. Looks like it is going to be another bull run for JanWk4. Although I must admit looking at the ichimoku charts, it seems to suggest that it might be reaching its peak. The Kijun Sen is trending suspiciously very near to the current price.
This means that might be an opportunity for a large correction and for price to cross over the Kijun Sen, and that might kick off a bearish signal. There are some days yet because it will actually be in bearish mode, but looking at the charts, this week JanWk4 is gonna be a big climb as the SPY has broken to an all time high.
My trade for a Call Spread $149.50/150.50 for a premium of $0.04 was collected and kept. :) The option safely expired worthless. It's been a while since I sold anything, but mainly because of family matters. :) It's gonna be exciting this week. Looking forward to market opening in a few minutes. :)
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