Hi Langy! Excellent point. One of the biggest mistakes that I make as a trader is to keep buying long when the market hits resistance levels (like now.) I actually have been flipping half my gold (DGP) position the last couple of days. I've been selling in the morning and buying back at the eod. I'm down overall because my initial entry was too early, but it is helping. I've also got my position for when gold does go up. I think its tomorrow. I also loaded up on QID today. These are my defensive posture plays for tomorrow.
The $vix is at the bottom of the fan line. I'm curious to see what happens from there?
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