Getting a little hesitation from the market. We had bad news from China. This may be a minor pull back. We have an engulfing bar on the ES. If it pulls back look for a half back short with a Fib to confirm a lower move. If the Fib breaks the 61.8 then we will go higher. If Fib does not break and goes lower I will buy PUT options on the SPY and the SPX. and exit my CALL options.
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