Feels like this is what is going on today.
This morning was a transition day with sell longs (some at a loss) and buying inverse ETFs. Let's hope Steve Grasso on CNBC is correct with the low on this move at 1257 SPX. This would give enough of a move to collect a gain on the inverse ETFs. So many times the inverse ETFs do make a gain during a bull market.
I started out the day with RWM which is non levered Russell 2000 index. When we get a rebound will add more inverse positions.
Looking back should have traded at EOD Tuesday. I was busy with the day job and maybe there is a way to put in auto trades.
Happy Trading
The Trend Advantage
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