I am a mid-long term bear
on the market and I am still holding my shorts on tech stocks and long VIX
positions until at least next monday to see what happens. That being said, I think it is important to just remind myself to manage my bear
expectations for this move. I have been short since August and I don't think I am alone as a bearish
trader thirsty for a move of more than 1% for once. Sorry for the messy lines since this is just for personal reference and the focus is on a simple observation of the MACD
. While there is certainly a possibility for this to continue downward, don't be too surprised if we meet support next week and (hopefully) pop back up to a lower high.
Cheers and happy trading :)