I went short the S&P this morning at market open (using SPXU -3X S&P) and I'm currently up 6%. Both of the gaps have been filled and it has bounced off the recent trendline. I ended up letting my short ride into the weekend. I'm still expecting a visit to recent lows at the 2822 level. I probably should have taken my profits, we shall see what happens over the weekend.
Trade active:
Last night when I went to bed the ES was down over 3% at a low of 2817. It has steadily gained over the night and is now currently green. I'm planning to close my short near the open. I'm now looking at the potential of going long as well after the first hour of trading.
Trade active:
Sold one position in one of my accounts for a 2% gain. I still hold a larger short position in another account.
Trade closed: target reached:
I closed my remaining position for a 3.9% gain.
