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No, not fun at all...I hope we can make even recover to even soon :)Have a great week-end!!
Here's a sobering thought: a long XIV position is up 30.5% ytd. There may be something to going long XIV during periods of contango and VXX during backwardation.
TNA is up nearly 50% (or around 70% if you bought in Dec)Not a good year for a bear...
They got the YM futs up nearly 100 in premkt.... Added ES short. Will cover prior lot B/E+1 on retracement.
Looks like the market open will show more pain for shorts...
Unless there is a late afternoon sell off with some volume I am probably going to cut my losses...Today's move confirms Fridays close above the 50 MA. If we get some selling below 1632.75 I may consider staying in for now, but there doesn't seem to be any signs of a downturn any time soon...Maybe "hopium" is more powerful than TA... All we are doing now is waiting for a black swan event...Good Luck everyone!