9:20 Am
Yesterday was a big reverse day (continuation day -down trend). I have sold all the shorts, and loaded 1/3 positions of shorts, which was a very bad move.
I do have some problems with these type of days. I think the easy way to avoid is that once positions are cleared, don't jump in too quick. Wait out side and watch for a while see if there is any clear picture. That is to wait for the whole day till next day to see the direction.
This morning, the future is way down. Let's see how it plays out. S&P 1315 (SPY 131.18) is the 61.8% retrace from current up leg - A leg. If it breaks, the Jan low will be re-tested. I will load 100 shares of SSO at SPY $131.18 and QLD at QQQQ $41.60.
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