Short. Lowered profit stop.
Stacked some additional short yesterday afternoon for a day trade catching the heart of the late day decline before the last half hour spike.
My summation signal is neutral.
My composite trend signal is down.
I am trying to navigate a historically bullish OPEX week while holding a short per my trend signal.
While my inclination is to do nothing and let profit run, OPEX specific dynamics could stop me out prematurely even if my trend model is working.
So, I am open to work day to day opportunities if I see them in the tape to build a cushion or hedge as the case may be.
The risk is that I get sucked in to overtrading and leakage.
There is also the possibility that the low is in and the trend is about to reverse (I don't think so).
My trend model is solid down now. So, I'll stick with it and review after the close today.
On the bull side, the recent move in TRIN from high to low (chart) is something that often (not always) precedes either brief bounces or even changes in trend.
We may have seen it play out in this morning's pop, but I'll be watching for follow through.