The low is in - Bear Trap in the making

Agreed. The day when I stop being content with what the market gives me is the day I start losing.

 

Ive been a super super bear on this market, but I wont short here.

The majority of financials bottomed in july. They may just go sideways for years while they are slowly whittled away.

 

Stick around, it gets better. Wait until the long stops are taken out. Then, hang on and smile!

 

Ha. I think theyve gone through A LOT of stops already. look at the volume today.

 

Not necessarily James.

As always we just have to trade what we see as we see it.

 

New short selling rules this week, before options expiry.

Interest rate cut tomorrow.

If that doesn't get a rally nothing will.

 

Ill admit. I dont know the future, but I wouldnt want to be short

 

1179 and dropping like a rock over night.

Fun ride tomorrow

 

Options indicate 1155 - 1210 range for 9/16 session.

 

VIX should gap up nicely. Will be an interesting session.