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Quick update on positions. Still holding ENCC, waiting to grab GLCC based on the backtest of the breakout. Still only on day 5 of the current 7 day cycle. More downside to go likely, the depth of that drop will gauge whether i go long or not.
Just went long in Natgas based on the outlined backtest.
I am also now short SPX, with a stop at 4327, as this was where I entered the short.
Lets see what happens!
Rooting for you Gus…from the cheap seats 🙂
Appreciate it Fully, Natgas had one last swipe down it looks like. Might have to bail if it goes any further. Luckily it is always a small position in the widowmaker!
Todays price action is crazy, this is why I like to wait for a closing price before stopping out. We bumped above 4327 twice, but it looks like now it is heading down. With two hours to go, SPX also looks like it backtested and was rejected at it’s 10 dma. Next week could get spicy!
Your SPX short looks good !
Powell says he’s done raising and the market tanks…sell the news