@gaucho – Quite likely but not just yet. I see as least another 1% downside on both AA & the basic materials sector (XLB) and quite possibly as much as 9% downside until I see what will likely be an very objective entry on AA, assuming that the charts confirm if & when we get there (9.15ish level on AA).
Best to sit patiently & wait for a trade to come to you when the odds are clearly in your favor. We’re just not at that point in AA nor the basic materials sector yet. Please drip on me with this one though as often my focus turns elsewhere & some of the trades that I had intended to revisit end up falling off my radar. As of now I am short the basic materials sector & only focus on where & when to cover but doubt that I’ll be reversing immediately from short to long.