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So right now we watch and stay in cash. So how low the drop is and what kind of test we have. Does the market hold above monday's low? Test it or break it? What I do think could happen is that if the market stays down today is that shorts will cover some before the close.
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So here's the scenario for today. I didn't go long today I'm just in cash. I was hoping for a lame ass bounce to short but the market didn't even have that. So too late to short right now because we are getting close to testing the bottom recent low on Monday.