After looking through charts and the market today in earnest for the first time since last Thursday, I can say right now I'm not sure what to do. I still have a bearish bias and positions that reflect that, but the market is looking good. Today's rally throughout the day looks strong and could signal another 5-10% move to the upside before a break in the action. But I just don't trust this market on the upside. I feel like a crushing 2-4 days on the downside could happen at any time now.
It's very odd following the market right now...since I have my trading account short, but all my retirement an long term accounts on a long basis. So as much as the up days are good for my overall account, it's painful for my short term trading. So, we'll see how things close today and go from there!
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