- The S&P 500 is beginning to run into a sheer wall of resistance.
- If you've banked some profits on the way up but are still reluctant to sell your long holdings I would suggest buying some put protection at this point in the game.
- I'm not saying the market is going to tank back into oblivion, but it truly is time for a pause in the rally.
S&P 500 Index
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgadT2TB7-SojI0RYZa0Kjyh2J5m2x8WX02c-9zOOzLOEYQKq7eUULRPPXTUanHKPY0SfhXxcGCTea-Whk-8phRod0RAdwihnGHkVVEKshQD5CvtsGdRVeBSTAQXcnqoUD_apArFi_H7Pee/s400/$spx.png)
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