OpEX/FOMC/Seasonal short into this week is playing out as per historic stats but would just like to caution about pressing shorts here into quarter end on a trade that has become very ‘public’. Doesn’t mean it can’t play out but would be cautious.
Would prefer to see it fail a proper flush and then bounce into early October. As posted yesterday, full disclosure, flat on all short term plays just holding small swing on RTY.
No crystal ball here. As always, price will tell us what is going on but have the feeling that the Don + quarter end could catch late emotional shorts off-guard. We’ll see soon enough. Play well!
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