______________________
I am holding one long position and got quickly stopped out of another. However, I am keeping cash levels well above at least 80% for now, until I see better quality swing trading setups. The exuberance that came with yesterday’s rally into the close has turned into a rather subdued leveling off process today. As I noted yesterday on my video recap, immediate upside follow-through today is not necessary for the bulls to putting in a tradable low. However, more and more charts do need to firm up and offer better looks than I am seeing right now.
That’s high quality though.