Some news after my post two days ago.
Price tagged the lower keltner band at SPX 4242.07 yesterday.
For me, this means bears have reclaimed the ball, and I will have a bear bias until the upper keltner gets tagged.
Seasonality turns bullish in the coming weeks, so we'll see what happens into year end.
NYMO closed in the lower Turn Zone on Tuesday and has since bounced.
So, we may have a low and be starting a NYMO up cycle. Time will tell.
I am neutral holding short and long.
I hedged yesterday when price hit a low outstanding P-Bar in the afternoon.
The long has a trailing profit stop. I will try to hold the short through a bounce but we'll see what the market brings.