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Still long. Maybe if the market continues to sell and this swing trade is a bust. However, its also possible that today was the low or tomorrow will be the low or trough of this part of the swing.

Market still in no mans land, but as long as I have a swing long I’m there. If it changes it changes and then I’ll roll short. Market indexes still exhibiting ascending wedges/ascending triangles/some have bull flags. These coupled with weekly and even monthly long signals gives me enough confidence to stay put.

I have all the same positions mentioned yesterday and bought TNA on the lows of the day, added a few more calls to my SEED trade. They come out with earnings soon.

One item of note tomorrow is a potential Fade the Fed trade. The Fade the Fed pattern is whatever the market closes on the day of the Fed announcement, the market moves opposite the next day. Sometimes in a powerful manner.

So today we closed in the red, tomorrow should close in the green. In my earlier days of trading I might have hung my hat on this reason to take a trade, but I don’t now. I do like that it lines up with my current long signals though. Any reinforcement for me not to over think things here is good.

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