lolHe doesn't have to expect a bounce. He covered a short position -- that would be rational if the expectation from continuing to hold was $zero or $negative. A lack of further decline does not equal a bounce.
Just covered my ES short at 3232.5 and all shorted calls
This is where the cowboy rides away
Added 3224 and 3223
Stop 3100
objective 1 is 3304
2 is 3403
3 is 3580
Great call !Bought 3226 and 3225 ES
Added 3224 and 3223
Stop 3100
objective 1 is 3304
2 is 3403
3 is 3580