TOT daily traders are 200% short from SPX 2063.77. The market is currently about 2058. Lower the protective buy stop on THIS position to SPX 2067.
Furthermore, the market has the real potential of going into a big selloff in the last hour of trading today. Therefore, I want to get aggressive on the short side BUT I want to use tight stops.
At 3:00, go an additional 100% short at the market.
At 3:15, go an additional 100% short at the market.
At 3:30, go an additional 100% short at the market, bringing the total position up to a maximally bearish 500% short.
On all three of these NEW positions, use a 5 point protective buy stop, each calculated separately. Each position and each stop is totally independent of each other position and each other stop.
On any or all of the positions that are not stopped out, cover all positions on the close, going overnight flat.
While the daily model will be bullish tomorrow, the Intermediate Term Model is unclear at present.
Thanks for the opportunity to be of service, and I’ll update again in about 10 hours.
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