Closed short in the premarket this morning.
I think there are more lows ahead but my price target was hit.
Also, as a devotee of the McClellan Oscillator, the low this morning seemed to be pushing things too far.
Currently planning to reinitiate short if price rises to a good level or if McClellan Oscilator recovers closer to 0 in the coming days.
Also,my short was in TWM (2x inverse Russell 2000). I think at this point in the trend, I would like to reinitiate with an unleveraged etf.
Could miss a good downdrft here if the market unravels, so I have mixed emotions about taking the trade off.
Hope everyone had a good holiday. With family, so won't be paying much attention to market today.