Boy am I glad my portfolio doesn't depend on Papa Powell delivering an optimistic report tomorrow.
No doubt the spin will dominate but pop should fade quick. Hard to find sustaining good news and optimistic data these days.
Gonna sleep peacefully tonight unlike the perma Bulls out there haha.
That high ADX cross with fast dropping ROC and dipping DPO is strong sell.
RSI on track to drop below long term uptrend channel and follow RVI, strong sell.
DMI holding steady, ready for a downswing.
MACD holding steady for the cross with lots of room for a downswing.
I reupped my shorts ~15% today right before close.
TVIX and VIX both increased 20% while SPX traded sideways lol.
Wait till this thing goes down even a little!
TRADER ASSIST NEEDED: Still can't pin down this damn TRIN, it's bouncing around everywhere even now 1.5 hours after close. Currently at 2 but I've seen it from .33 up to 3.5 lol.