Embrace the Turbulence, Part 2
China pulled a master negotiating stroke out of the hat today, more ammo for the turbulence.
Maybe take a little review of our January 7, post.
The S&P is now in the no-mans land of 2620 to 2720. We put the first third of our short position on at 2612 two days ago, the second third at 2662 today. Final third will be on a close under 2512 that will confirm the next leg down.
Keep in mind that Monday is the traders delight, the “Full Wolf Moon”.