
Number Three Isn’t So Bad!

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As lightly as I was positioned, there was one item I felt comfortable shorting yesterday, and that was FXI (the main Chian ETF). The position is already profitable, and I’ve got a stop-loss set at 37.35:

Here below is the analysis of the probability of reversal for SPX, NDX and RUT DAILY, photographed yesterday at the close:

Obviously, the RUT and the SPX/NDX are not following the same buy/sell cycles, at the moment.
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Remember the 90-day “pause” on the tariff wars? (We didn’t have the TACO term yet back then) That pause sent markets blasting thousands of points higher since then, and it ends on July 9th, seven trading days from now. Since then, I think we’ve achieved a partial deal with a single country, the oh-so-difficult Great Britain. Just sayin’.
