With just over 10-minutes to go before the market closes, I just wanted to say that I will not make QQQ or SOXS official trades today, nor will I personally go home with anything more than a relatively light net-short exposure to the stock indexes. As of now, SPY has kissed & reversed off that key 294.00 support level (top of August trading range) and QQQ has successfully tested & bounced off the 185.25 price + uptrend line support level. Should I decide to go home mildly short, I will do so with some indirect hedges such as gold and/or Treasury bonds.
QQQ 60m 2 Sept 27th
SPY 60m 2 Sept 27th