Here is a little update at 1:00 PM CDT.

I am not treating today’s market action as a bounce but more as the start of something. As such the positions that we have been building over the past few weeks are being held in place.

There no doubt will be some trades, the very short term trading cycle is at a relatively high RSI with SPX at 4066, but I don’t want to get lost in trading the swings at this early stage of the move.

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