S&P 500: The Bearish case remains alive - Part 3!
We've elected another 25% short/hedge position at 3260.00 or better.
Addendum: Short was executed at 3260.32 - market had dropped off to price showing when published.
Stop for now on a close above 3280.00
We'll look to add another 25% at 3263.00 or better, for now.
'It remains alive in so far as we cannot get another clear trading bar subdivision on the Monthly chart until the
first trading day in August to accept a more Bullish 5-wave count from the March low, we remain skeptical of this
move, for now.' (July 15 - Part 1)
We were stopped out of our earlier 50% short/hedge position from 3180.70 (25%) and 3240.65 (25%) for an effective 0.65% loss,
bringing our total loss on our short/hedge positions taken to date to ~ 1.01%.
Addendum: Short was executed at 3260.32 - market had dropped off to price showing when published.
Stop for now on a close above 3280.00
We'll look to add another 25% at 3263.00 or better, for now.
'It remains alive in so far as we cannot get another clear trading bar subdivision on the Monthly chart until the
first trading day in August to accept a more Bullish 5-wave count from the March low, we remain skeptical of this
move, for now.' (July 15 - Part 1)
We were stopped out of our earlier 50% short/hedge position from 3180.70 (25%) and 3240.65 (25%) for an effective 0.65% loss,
bringing our total loss on our short/hedge positions taken to date to ~ 1.01%.
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