Why I faded Fridays close.. again

We need to see if bad news can tank this market further.

On Friday we had a positive rumor followed by a nice move. Buy the rumor, sell the news maybe.
Let’s see.

I think bad news can tank this market further …
Therefore there’s room for more downside.
 
Why short the mkt when the mkt closes on the weekly high?

They got destroyed lately (6/11)
Maybe I missed some …

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Main reason for a fade is s&p is still in a downtrend. Right dest re fading eoweek high usually not good idea.... but mkt seems rich in a downtrend. And exactly overnight re inverse good price, just bot light 1k uvxy. Risk on downgap just a few hundred. Numbers add up.

Rem usually inverse downgaps fill by 10am. And like Friday if it's a strong long Monday I'm trading soxl heavy
 
Futs weakening, red by dawn. :D

Yes sir. It's as bold a prediction as Rickshaw and eqtrdr going on and on about the overnight drift. You really do not know what the hell you are doing, do you? You are just guessing into a huge earning week, and are hoping it works out for you. That is not a smart strategy. Please post to us your losses if they occur. Thank you.

I am SICK and tired of people who post only wins, but not LOSSES!
 
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