Aggressive drop in US equity market continues

Last Friday, our subscribers closed their short positions on the S&P 500 at 5680 and the Dow at 42216. On the website, we noted that a rebound would follow the drop but would likely not hold. In keeping with that outlook, on Monday we opened new short positions in the S&P 500 (Cash) at 5720, the Nasdaq (Futures) at 20000, and the Dow (Cash) at 42468. Today (Tuesday), the S&P 500 touched a low of 5552, the Nasdaq reached 19118, and the Dow slid to 41627.

All prices refer to S&P 500 and Dow in Cash/Spot, and the Nasdaq in Futures.

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