Well we got the bounce last night I was expecting. Time to close my overnight long positions. BHP reversed somewhat unconvincingly off it's lower trend-line.
VIX has broken up then come back and tested that important trend as support. Could this be the ultimate short trade from here? Possibly the case with end financial year selling upon us.
I'm going to dip my toe in for some tentative shorts with tight stops. We've re-tested that important VIX line as support, which was the criteria I was looking for to short again. However, I wouldn't be surprised if we come back and fill that gap in a couple weeks for our early-mid July high.
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ultimate short friday?
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