Bulltrap?
➤ S&P500 sold-off again in more dramatic style. Even the VIX responded in kind. Dropped below support level with ease.
➤ I have closed my short positions and currently parked 100% in cash. I am waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction.
➤ I hope prices don't repeat the price action in early June. I was only able to capture the very beginning of the move down and missed the big move afterwards. 😞
➤ Conclusion: Did someone say Bulltrap?
➤ I have closed my short positions and currently parked 100% in cash. I am waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction.
➤ I hope prices don't repeat the price action in early June. I was only able to capture the very beginning of the move down and missed the big move afterwards. 😞
➤ Conclusion: Did someone say Bulltrap?
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🏆 eToro Popular Investor 💰
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
✅ Copy My Trades @ eToro, etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.