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#1 salam

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Posted 02 February 2018 - 05:40 AM

The sound of longs being stopped out!
Well I got my breach of 2806 this morning on the futures

Europe is down 5 days in a row; Dax is down 5% from its ATH.

SP is still below its 5 Dma for 4 straight days.internals are weakening and we are tanking on good news. Cryptos are getting massacred.

Could this be the first Friday of misery for bulls in a long time?

Jobs data and it's reaction may offer a brief respite for bulls ore market. However, I will be shorting the rallies unless we retake 2850

Edited by salam, 02 February 2018 - 05:41 AM.

I'm not sure what my future holds... But I know who holds it.

#2 cycletimer

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Posted 02 February 2018 - 08:37 AM

I’m with ya Salem. The volatility short-sellers are going through some initial pain and it’s about to worsen for them. Same goes for credit traders, and gosh, those pension funds who recently balanced their portfolios with a tilt toad treasuries. Today could very well end at the lows. A LOD close on a Friday, imagine that.
I’m short some call credit spreads on $SPX and $RUT and not planning on covering until at least next week, allowing for more premium strippage.

Be watchful of Gold.
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