If I came across as wishy-washy, that wasn’t my intention. I was trying to convey the fact that should my preferred scenario of those risk-off assets reversing & rallying here not play out, then they could continue lower & possibly even much lower & impulsively to boot. However, did my best to clearly share my thoughts at the end of 1st paragraph stating: “…I favor a reversal off or slightly below these levels.”
I reversed all of my PM (GC, SI & PL) plus my ZB shorts to longs when I posted this as not one but all 3 of those leading risk-off assets all hit key supports with the bullish divergences still intact & as such, I also reversed the NQ long that reversed to from short when I posted the setup on the 1-minute charts in the trading room this afternoon so basically net short the market & net long the risk-off assets for now with stops in place (no price target/closing limit orders yet) as I’m about to shut down for the night. If they get me in the overnight session, I’ll be flat in my trading account other than an /NG short (unless they take that too) which will be fine by me as I suspect there is a much larger move in the markets close at hand so I’ll just sit tight & wait for the next objective entry, long or short while still sitting tight with a net short position in my swing trading/longer-term accounts.