We will buy the SDS today on a 21.45 “stop close only” This would put in an outside reversal day to the upside and signal more equity index weakness. Use this as a hedge against any existing longs or just as a pure alpha trade.
If this trade gets elected it would be safe to assume that you’ll be stopped out the TBT ( short Bond) trade.
Some of you have pointed out earlier in the day that the Euro has a double top on the daily maps. This just rolled over on the point & figure chart. The stop for any shorting should be app 144.90. Selling 100 point breaks in the Euro has proven to be a fatal strategy for quite a while. If you try it keep it tight.