Trade Report Video: https://youtu.be/UTnrKtRQoQcYesterday's big gap down puts in a pivot high for SPY retracing a little more than 50 percent of the selloff. This was not an orderly pullback, but a gap down on rising volume. This changes our bias to slightly bearish.Today's slightly up open might give us a shot at shorting SPY using SPXU or a few new short watch list additions. SPY could be on it's way for a retest of lows.We will watch the end of day to see if SPY can close above $194.68. This would get it back above that old gap level and would put us back in bounce mode.I am still holding GOOGLE and AMZN, both holding their 50 dma. I was stopped out of NFLX as it did not hold it's morning gap down level and blew below it's 50 dma.Possible Shorts: UPRO, TSLA, FOLD, PTRA, CYBRFocus List: UPRO, USO, GLD, IBB, XLE, X, FCX, NFLX, GOOGL, AAPL, TSLA, HRTX, UA, CMG, AMZNRemember to stay patient and that CASH is a position.https://youtu.be/UTnrKtRQoQcRegister for my Free webinar Sept 2nd at 8EST. I will be talking swingtrading in these volatile markets!
