In an abundance of caution and since I have a bottoming count in the black wave 2, I've decided to take my profits off the table. Therefore I have closed my Jan EOM 4100 Calls in which I kept over 80% of the original premium raised and my newly opened 4180 Feb EOM calls in which I kept 35% of the original premium raise for a total amount of $15,231 in premium income for January.

I want to be clear....this is not to say I'm bullish. This is a risk management decision for me.

Best to all,

Chris
Chart PatternselliottwaveforecastsElliott WaveESSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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