Bulltrap?

➤ S&P500 sold-off again in more dramatic style. Even the VIX responded in kind. Dropped below support level with ease.

➤ I have closed my short positions and currently parked 100% in cash. I am waiting for the next entry signal. 0% exposure means a wait and see approach with no directional view for the time being. The maximum exposure is +/- 200%, the level of highest conviction.

➤ I hope prices don't repeat the price action in early June. I was only able to capture the very beginning of the move down and missed the big move afterwards. 😞

➤ Conclusion: Did someone say Bulltrap?