Two Tries

Testing 1,2 18th August 2022

➤ This was the 2nd day in succession where S&P500 tried to overcome the upper pink zone. The resistance is holding. Maybe it's the thin air at these heights. We probably need to see a pause for breath at least, at worst, it's taking the first steps back down to base camp. 💨

➤ My exposure moved to -50% as shown in the chart. That means we are short the market using half of our capital. This is low-moderate. The maximum is +/- 200%, the level of highest conviction.

➤ Conclusion: This is our 3rd attempt at putting on shorts since this bull phase. Two tries, two fails. 3rd time lucky? 🍀 I'm not holding my breath!