I think bail-out was the eye of the hurricane, I expect this side of the hurricane to be more vicious. To be clear, we may have a black Monday or Tuesday. In other words, if we lost 200 SPX points in 3 months, we may loose another 200 on Monday and put a long lasting bottom.
I am 100% short on ES into the next week:
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50% from 1217
25% from 1130.5
25% from 1131.25
I have no predetermined target for the selling climax yet, although I mentioned a few important pivots, it is wise to maintain trailing stops on all positions.
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