Not much to add tonight. All positions moved well in our favor so its now just a matter of letting prices do their thing. If the market decides its ready to have another look lower after a few weeks of consolidation we’re well placed to bank some profits. However, rarely do things trace out so easily so we’ll take it one day at a time and manage what the market offers us. My opinion is that we’re seeing the US markets trace out a larger triangle pattern of which we’re only partially through. Therefore a straight move lower probably isn’t upon us just yet. Coming into a Friday night after two severe down sessions tells me that a short covering rally is likely tonight. No new trades or adjustments last last and this is how the account now stands:
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