I am changing my mind and consequently my positioning. I took a small loss on my short positions Monday. On my leveraged SPY ETF symbol SPXU in at 13.85 out at 13.70. On my put spread in at 1.80, out at 1.50. So those trades are behind me now.

I flipped the short leveraged ETF into  leveraged long ETF symbol SPXL. 

I still believe last Thursday low is significant and we want to stay above it, especially on closing basis. 

It’s not a totally easy call here, but I am now in the bull camp through October and into November.   

Thanks,

Joe

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