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I kept my fund shorts on. They made a little bit today and would’ve done better by getting out in the morning. Market indexes formed some hammers today, but I’m guessing that we continue to drop. I’m still looking for 1073-1074 $SPX on the downside. This would complete a right shoulder on an inverse head …

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I’m getting ready to get long even though I think there is a high chance of getting shalacked next week. I’ll be buying down days. I took losses on my EDZ, EEV, SRS, and TYP in the variety of -15%, -12%, -17%, and -22%. These were mostly fresh positions. Index funds also had about a …

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Hopefully. Current chart shows that the SPX has broken important levels. 893 is right here – that will be tested. 872.81 and 877.52 are the next stops with minor support at 893-895. This will crack like tightly stretched paper mache over a barrel. So the daily head and shoulders pattern suggest lower movement, where it …

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Picked up some SRS as a catch up play. Its lagging other inverse vehicles. Added to EEV. EEV or EFU here could be in for a sizeable bounce. SPX beautifully fell from the levels mentioned yesterday: “929.23 – 931.76…that will be the max. Might close there even, hope not. It will create the right shoulder …

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Based on the SPX break I see us testing these levels in this order: 877.52, 872.81, 871.79, 865.3, 858.73, 852.06, 841.5 The 870 levels probably get taken out the same day. Likely to bounce around and ultimately getting to the 858 level. As you can see on the chart above that 854.05 is where the …

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