After FOMC day, market resumed selling led by European market. DAX was down more than 3%. US indices followed with around 1.5%. Both SPX and RUT had large volume in selling. MACDs are negative in weekly chart as well. I need to watch out and prepare for an retest of recent low or a complete break down as a worst case scenario. My risk is heavier to the down side. I plan to sell more of bear calls near term. We may not see a new high any time soon.
It was another $8K realized losing week from the late August. Hopefully I am near the end of tunnel now. Stay small and versatile is my new theme from now on.
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