Without a recession a lot has been discounted in the market already, but I would not fight the Fed and the tape. We are likely getting close to a trading low, but it may take more selling to get there. Short pilot position.
Comment:
Exiting half the position with a small profit as we have a long weekend and the risk of a big gap up is elevated. Covered half @43.53
Trade closed manually:
Exited position @43.87 on premarket with a small profit. Never liked the entry. Will wait for better long/short opportunities