For the first time in as long as I can remember, I went completely to cash. My market breadth indicators have told me we are in the chop zone. In the chop zone, I shortened holding periods and took profits quickly.
My indicators just went to the sell. I'm out of all long positions although I did enter a Long UVXY position (volatility) at the end of the day. Regardless of how this shakes out this market is going to need some time to digest before it is able to push higher.
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