The 25% long position in the M48 was sold today at 85.35. I did not wait for it to hit the stop of 84.53. I could see it rolling over around 9:20 am on a 1 minute chart. So we are back to cash w/ a small loss again. For you traders – keep an eye on the SDS – which is the Ultra Short ETF for the S&P. The chart looks good. My stop would be placed at 99.05. I scalped it today for 2.5 pts as I watched the SPY roll over.
M48= 100% cash
-Have a good week