Big reversal day in the Russell 2000. It ended the day session up 1.11%. In doing so it hit our 2254 Stop. Doesn't mean our original analysis was wrong. Its just very hard to short an equity index when the Federal Reserve and the US Treasury can't increase the money supply fast enough or large enough. They seem to be insatiable.
So, I guess the lesson could be to wait until all the equity indexes are in a Bear Market rather than a Bull Market before you short them.
Bottom line:
Entry 2205.60 4/13/21
Exit 2254.10 4/14/21
2205.60 - 2254.10 = -48.5 * $5 = -$242.50
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