Today is the biggest down day since Brexit. Good God, it’s been a dry spell, hasn’t it? I have 70 short positions. As of this typing, 68 are profitable.l I suspect those other two will be addressed in short order.
The one consistent market we’ve got on our hands, and one I’ve been crazy-bearish about all summer, is crude oil. We’re approaching the next Fibonacci level at 42.79. We’ll see if it bothers pausing or not.