Traders are feeling great after the rebound from yesterday but it has bear market markings all over it. Charts throughout the market look awful, the VIX hasn't spiked, uncertainty remains, new lows have not spiked and we haven't even tested the lows of February yet.
Short @ 2707-2715 with a stop at 2722!
Trade active
⋅
Trade entered
Comment
⋅
Trade working well, target yesterday's low
Comment
⋅
Trade has netted over 70 SPX points at this point. Feel free to take some off
Comment
⋅
It is likely that we break yesterday's low and go further in the coming days however.
Trade closed: target reached
⋅
Target reached but I am personally keeping this trade on with a smaller position size