The bottom line the short-term trend is back to up from down before the market closed, but I hold my trapped short-term short position over the weekend in order to stick to my trading rule.
Today doesn’t feel like a pivot day because it didn’t make a new high and as I mentioned in the last night’s report, 2 back to back unfilled gaps are rare, so I expect them to be filled very soon.
Overall, I still don’t think the market could go too high from here because 6.2.3 VIX:VXV Trading Signals is now way too low.
Enjoy your weekend!
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