We have back to back reversal weeks and starting with the Sunday opening we will be reversing from the sloppy rally we had this week. With China trying to retaliate, I believe we get a sharp sell off. And risk is limited to the upside at least I cannot see this market breaking much higher than 2939 area of the ES this morning.
Trade active
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Holding and expect a good bounce which as mostly happened overnight. Much much lower price on the underlying SPX!
Comment
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Holding for a return to Mondays pre-market lows.
Order cancelled
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Standing aside - market is not moving down as expected and may move above 2900 on the SPX again.
I eased in to this with 7500 yesterday and added this morning again. May add more by the close. But being short by close is would I would do at the least.