You should now have enough Long SDS to totally cover any long exposure.
The stop in the S&P 500 Futures is a new high.
All other instruments ….stops should be raised…
MOO…50.90
XLE… 71.30
X …27.90
Note the above stops are money stops…we have raised them significantly. Why? We trade to make money! And I see no reason to give back a lot of money.
SPU’s …a close today under 1304.70 Pit Session is needed for a Daily “ORL” Outside reversal lower, which is generally a price negative pattern…
SPU/Bonds Pre London Close level is an area that a good move can develop from. Only time will tell.
