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Still Doing Some Hedging Here
S&P's coming right into a bear zone with a DeMARK TD 9 Sell Setup completing today. Trend targets re constructive here for downside, and it seems like if the bears were to come in, it would be somewhere in this range over the coming few sessions. Keep it wide, keep it light and keep it tight. Hard to be "perfect" in above average volatility.
Look at whats happening in VXX! Exactly the situation on a quick vol escalation from last night's post. Stocks still not reflecting any worry yet but the risk reward is slowly appearing.
Banking shorts still seem reasonable to me