Now Things Get Interesting
The stock market bounce that we saw yesterday and overnight is based on better virus views. The battle now that sets up is between believers that the big economic picture has changed and those that believe that we are going back to the way were. This is a big moment that will play out through tomorrow.
Overnight the S&P jumped up into our original major bounce sell area 2722 to 2778.. For us this mean changing from small trading positions trades and moving up the leverage and going to a full short position as long as the market is in the sell area, maybe today and tomorrow.
We will be getting out of long gold and moving that money into short S&P also.