Shorts looking good today but will hold them longer now as I see a pullback on the S&P back to that 4200 - 4250 area to make a higher low. Is possible to fall further to a lower gap and still make a higher low BUT makes me nervous in this market to be short too long so will be aiming for that area and revaluating if it comes off.
Note, after this pullback I will most likely no longer be shorting this market as I think this will be the last decent pullback we see before this "Xmas Rally" is done. Next year as I have said I am bearish expecting a major crash but I also see a lot of upward pressure in the stock market for a last big surge into Xmas before that happens. Good luck all.
P.S. Haven't slept so hope that made sense hehehe.
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Shorts looking good today but will hold them longer now as I see...
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