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Big Tech led the way down yesterday, and early futures point to another rough day today. This could create some nice long side value when things stabilize, base and bounce. But it’s important not to jump the gun here. These are times in trading where you’re trading mindset can be challenged. It’s very easy to want to try to time the bottom. Any trader who’s not heavy on the long side should be rooting for a solid, multiday decline to create as much value as possible. Important not to panic into or out of trades here. If you came into yesterday or today short consult your trading plan to see if you should be taking some gains.
No watchlist today, as we’ll be waiting to maximize the potential gains on a turnaround.