Look for Some Market Churning for a While

We lightened up our short positions yesterday in order to let the market digest this initial thrust down.  The 908 to 926 area in the S&P may be all we see for a while. We will go back to an even more aggressive short position after this churning plays out.

The EMA ETF Fund Nav was 1165 at yesterdays close.

8:39 AM CDT

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