12:00 AM
The market opened high and going swings. At this moment, I really don't have a crystal ball. But it is going up to a level that is critical for long positions. So I am unloading all the longs at this level, and go long if it can break up. Otherwise, I will add short positions, if it goes down. Today's close will tell more.
2:20 PM
Today's action is swing up and down with a flag formation. Since it happened at the relative high level, I treat it as smart money selling signal. So I have unloaded all long positions with only 100 share of SSO left. My theory is that the current market low needs to be re-tested before any major upside movement happens.
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