• A slow drip lower today and I remain with my 1/3 short positio in SPY and almost all cash.
  • One would expect some sort of bounce near the 200 sma on the S&P 500 (right here right now) but that doesnt have to occur into a weekend.
  • We must stay away when things are this jittery and that remains my plan into the weekend.
  • Trading is about executing when we have an edge and right here besides intraday I simply dont have one

 

Have a great weekend

Serge

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