The short term SPX trend is now down (mid term and long term is still up).
I didn’t see yesterday sell off @ close coming, might have to close that buy with a loss today.
Not a single clue about today, this weekend is Jackson Hole meeting and it would be lottery to leave short or long positions open over the weekend.
Below 5min SPY and 1h VXO, I guess no comments needed.
Trading suggestion: I would not leave open positions over weekend since the outcome of the meeting could basically be anything and I feel it will have a impact on the market for the beginning of next week.
