The SDS trade was exited at 22.55 on the open this morning.
There is still downside potential for stocks, but the large unfilled gap up at the 61.8% retracement of the Oct rally is just under prices, and the market could find support and bounce there. At this point I am not really looking to try to catch a bottom here, but if a nice looking bullish reversal occurs, I may consider a bullish trade if the market forms a higher swing low on the chart.
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