The $RUT chart inserted above (courtesy of stockcharts.com) shows a failed breakout above a double top at $RUT 820 (see area encapsulated by oval).  Could turn out to be a textbook bull trap.  If today’s $RUT weakness persists going into the close I may sell the long TNA shares I have been holding as a hedge for my larger short $RUT / long vol positions.  I am up a bit more than 15% on my long TNA shares and it would be a shame to give back those gains, even on a small position.

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