Tuesday, August 27, 2013

covered /es short @ 1628.50

some intra-day indicators I look at are extremely oversold. This is why I covered my short a few minutes ago. The picture of the TRIN/Q shows why I covered. If the market does not bounce in the next 24 hours, that will tell us all we need to know. For now, the safe play is to wait and see how we trade tonight and tomorrow morning.

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