I just layered in some SPXS (leveraged short SPX) due to the state of the bounce, which has now touched the SMA 50. I am not making a recommendation because there is no way on earth you have the same portfolio structure I do. I have not sold any longs and remain long-biased. I am running my portfolio theoretically as a long/short hedge fund would. … Continue reading NFTRH Update; SPX Bounce Parameters (med. priority)
Was that the bounce? If it was, my longs are not going to do well and will probably stop out shortly. But in the event that the bulls are just getting themselves together and will put on an upward grind this week (as in a bear flag), a would-be bull flag setup is shown below on bear fund SPXS.