After ringing the register and making a tiny profit on the ensuing bounce, we’ve made a lower high and will likely make a lower low fairly soon. I’m in about as short as I can after yesterday’s flush, and heres where I stand
SQQQ @ 37.28
VXX @ 31.24
SDS @ 25.04
I’m just adjusting stops at this point. The market wants to go down and in all likelihood will, making a series of lower highs and lower lows until such point as it bottoms out. I will ring the register again if things get squirrely, but so far so good for this month.
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