Recap:
I1 peak 4/2, but due to holiday extend to 4/5. This is a formal sell signal with bottom at the close next Monday.
In addition there is a strong seasonal tendency for the Monday after Good Friday holiday to trade higher during the morning but close well off the highs.
These are the reasons we shorted into strength this morning. Currently 2.5% QID and 2.5% SDS.
Want to increase exposure to 20% but will do so on weakness.
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