Yesterday we filled the gap, and the morning ramp triggered a SPY buy signal, and a VXX sell signal. Therefore I exited all short positions. Al were profitable. I then sat back in smug assurance as I watched the gains I made going long evaporate and go negative.
Then China opened and we rocketed up to where I bought everything yesterday. It is like bull riding.
So where are we? Seasonality and a pretty oversold market suggests we move higher for the next week, and that is where I will sit for now. But rest assured this is just a bear rally.
I'll post any interesting set ups in the meantime.
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