Short entry after NFP

NFP could give us a bounce to enter a short position for a flash correction into early next week. Either way I will be looking to short Friday and anticipate the bottom by August 6 which is the same as my canceled entry from last week. After that bottom is confirmed, I will post long opportunities when they make sense. But the long entry could be as soon as mid-day on the 6th.

Note: a Trump tweet could change everything!

Trade active:

Holding short - Did not get the bounce as NFP was good but the market found reasons to hate it in its bearish mood. I would expect to to start looking scary Monday into Tuesday with some panic added to the sale side. We cover then and consider a long.

Trade closed: target reached:

In the zone!