Calling tops is stupid, therefore I avoid doing so at all costs. However, I will say we are heading back to 1,200. We will begin our decent soon(possibly into close, but certainly tomorrow).Keep in mind, if we break 1,245, then I would admit defeat and possibly go long.

Again, I see assholes watching some bullshit “triangle” formation waiting for it to break to the up or down. I’m taking signals from the market and it’s telling me everything is fucked. I see classic indecision and this is not a good sign. I’m loading up on some TZA here and expect it to hit one zillion dollars within the week. I would like to keep this position reasonably small, but may increase size into close. No promises.

I will update this post later tonight.

UPDATE: I’ve covered my small position in TZA, as I want nothing to do with this market. I feel like taking a vacation and I just got back.

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