Today's "head fake" move looks to be pretty well confirmed as such, the reversal process is clean (no intraday head fake on that as of now) and both the averages and Index futures have gone negative, not raging negative, but enough to show distribution.
I'll leave the current VXX calls as well as SRTY long and QQQ puts in place for this particular move, if I add I'll probably need a little more to get me to move.
I'm going to check both FXP and NUGT for possible positions considering the HSBC China Flash PMI is due out overnight/tomorrow.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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