The bottom line, the short-term trend is up. Although according to my short-term trading rule, I hold no long position overnight at this stage but I think it’s safe to hold longs overnight as a gap down tomorrow (if so) will very likely be filled on the same day or within a few days. I’ll present evidence in tonight’s report.
One trick for tomorrow, when both VIX and SPX closed in red, 27 out of 36 times (75%) a green day the next day.
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