I was hedged a little too perfectly and closed out all positions this morning and am up 9bps for my trouble. The market is finally cascading lower and you’d be brave to buy here, when in fact Sir it’s over.
We are now embarking on technical levels from the 2020 lows in Stocklabs, which means we are, at some point, due for a sharp mean reversion bounce. While true, it never feels right and I must admit feeling a deep sense of dread looking at this tape. Then again, that’s my natural walking around demeanor.
100% cash, not eager to play any Intra day levels.If you enjoy the content at iBankCoin, please follow us on Twitter