The SP500 index has bounced up to initial resistance on the 15 minute and 60 minute charts. If you were looking for a spot to sell, this would be it. Or you can wait for the next downswing in the market and use the stop loss of your choice. I would review my free SP500 tracking newsletter, before taking action (sign up below to have immediate access). It spells out various choices you could make. Selling some of your position at this resistance level would be one of those choices. Remember that scaling out is often the wiser choice. If you are overexposed to equities, you may want to sell more rapidly.

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