Wyckoff Wave down sharply, DJIA 17,484 down 217 for the day….

We are taking this selloff as an opportunity to cover our recent short positions. We think we could have a short term bounce here, but not above the recent highs, If our indicators support our thoughts on the rally, we would then reenter short positions. We have covered all positions in Bond, ETF, and Stock Model Portfolios.

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