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Subject Expert
Buckle up.
Certainly not a buy the dip moment. Compare European markets’ charts to the SPX. We may be following them down a similar path.
Risk management over YOLO here.
Subject Expert
I’ve taken my index shorts down to minimum position size.
Enthusiast
Added back SOXL and TQQQ. At 70% positions now. May make them a day trade if we rally into the weekend as the indices are hovering at my line in the sand
SPY at 428, needs to stay above on the weekly close or else I'll have to get more cautious.
QQQ below 338, so it needs to rally EOD to close above. Otherwise, bears coming out of hibernation
Subject Expert
To be clear, I’m not going long. Just getting less short.