According to The Kobeissi Letter, a short position in the S&P 500 was recommended at 5470, yielding a 100-point gain within one hour. This reflects a highly volatile market, offering substantial trading opportunities in both directions. For further insights and alerts, subscribing to their service could be beneficial for traders aiming to capitalize on such market movements.

According to The Kobeissi Letter, a profitable short position was taken in the S&P 500 at 5470, resulting in a gain of 80 points in less than an hour. This underscores the market's volatility and tradability in both directions, emphasizing the importance of timely alerts for successful trading.