Got out of my SPY bear call spread at 50% max loss. The market conditions completely shifted and I was completely wrong about my short term prediction. Housing data and strong earnings went against me. I'm still overall bearish until wages rise, unemployment numbers come down and banks start giving mortgages to people with credit lower than 730. However, I am short term bullish. We might see the pullback at the end of the week when people start to go away for the Memorial Day weekend.
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