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Mr. BachNut wrote:
I am neutral carrying shorts and hedge longs put on yesterday.
I'll be scaling a long shortly to get net short by the close.
By Monday I will be short or flat if stops get hit.
Took a long scale on the tag of a P-bar I saw at SPY 238.60.
It was also a tag of 10 day exponential MA on ES.
Tightening stop on remaining hedge long.
If bulls keep charging my short may get taken out.
Emotionally, I want to reload short scales taken out Wednesday, but gonna do nothing and stick to the regularly scheduled program.
Will think about it over weekend and respond to price action next week.
I'm back...
Getting an overbought signal here. Seems a little surprising but it is what it is.
My remaining hedge long will come off today as a consequence. Will watch from here into the close and pick a spot to sell.
Doesn't mean market can't go up further. Just gives an edge for a pullback in the next few days.
Going to stop doing the blow by blow here... We'll see what next week brings...
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Well this swoon was a new rumor that trump made a statement to Russians about Comey being gone... This is nutz, Im not a Trump fan but if I were him I'd put everyone on finding the source of these constant leaks an they would never see the light of day again.
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