Market Analysis and Trades for 3/10

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The weekly post and for SPY 0.00%↑ and QQQ 0.00%↑ should be reviewed prior to this. Link to Market Analysis for The Week Ahead

For Friday we were monitoring for a look above and fail of 5770.25-5774.5. Both NFP and cash hours bulls failed to claim this level and it resolved in a 100 handle short.

We then covered the lows and flipped long (again). I personally chose UPRO and have explained my reasons for doing so.

I’m now looking forward to riding these runners (which will become a hedge) as I build out my next short position at the lower high.

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