Inflection Point?

Readers of the site know I like to use the bottom fishing screen, inside The PPT, to find inflection points. When the screen is littered with inverse ETFs, it’s normally a time to take a step aside with longs. Well, tonight screen is sending a warning sign: FAZ, RWM, SKF, TLT, TVIX, TWM, TZA, VXX

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That said, the futures are bouncing here, and everyone is looking for a pullback here. I remain in heavy cash, because I have no clue what the market will do from here. My setups have run dry, and that’s the only thing that really matters to me as a trader.

Note: I will miss the open due to a doctors appointment, see you guys around lunch.