BROAD STOCK MARKET TRADE ALERT (3:30 pm EDT)
Based on recent blogs, I am going to sell short the S&P 500 today. Those who receive this information late can put in an order for tomorrow's market open or wait and sell short tomorrow. As I mentioned yesterday, the S&P 500 has the most potential in any corrective fall from this point, but the other two indices (DOW and NASDAQ) will also be falling substantially if (when) this market resumes its correction down. Our stop loss for this trade will be based on these indices continuing to rally to new highs beyond next Tuesday (the end of our current reversal zone).
Based on recent blogs, I am going to sell short the S&P 500 today. Those who receive this information late can put in an order for tomorrow's market open or wait and sell short tomorrow. As I mentioned yesterday, the S&P 500 has the most potential in any corrective fall from this point, but the other two indices (DOW and NASDAQ) will also be falling substantially if (when) this market resumes its correction down. Our stop loss for this trade will be based on these indices continuing to rally to new highs beyond next Tuesday (the end of our current reversal zone).
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