It was about time that the S&P500 took a breather. We've been seeing record highs set day after day. The index closed above the 7600 level for the first time yesterday and pulled back a bit today. It settled at 7553, recording a loss of 56 points on the day. We saw this break as a great entry point for our trade today and it proved successful. A bear call spread was opened with a short strike of 7605 and the index stayed below 7600 for the entire day after 5 minutes of trading. Our position expired for a profit of 3.1%! Enjoy the rest of your week and the upcoming weekend!