sp'60min
Summary
An interesting trading day, and I have to say, I'm rather pleased that it seems the count was right after all.
The really exciting aspect if that if correct, if bodes for a severe wave'3 down next week.
First things first though, we need to see another up cycle into Friday opex.
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*Having exited a heavy SPY short position in the early morning, I hold Long Oil (via USO) overnight, seeking an exit in the 32s.
I'm seeking a VERY heavy re-short late Friday, of the indexs, VIX (long), and USO (short).
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the usual bits and pieces across the evening. If I have time, I will add a closing chart on where we might go next week...