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Busted short opportunity from last Tuesday – Dr. J's Market Thoughts Press "Enter" to skip to content

Busted short opportunity from last Tuesday

If you read the protected blog post regarding last Tuesday’s candlestick, the close on Friday was an indicator that the short idea against that candlestick was not playing out.  Shorts should have been closed on Friday if you held any.  Since then, we’ve gone up to tag the 2900 S&P500 level and the round number is creating some resistance.  However, until another candlestick shows up to indicate a potential trend change, staying long is the only play in the playbook.  Month end update will go out over the weekend.  Thank you for your subscription and patronage.