I told the traders I speak with occasionally throughout the day that I thought the correction ended around 3 PM, and so I took off my big Russell 2000 short position.
Unless this is going to turn into some kind of liquidation event, we might get another jog or two down to spank the eager buyers, but unless something happens the trends are back in play.
Let's see what happens. And be prepared to follow whatever the market tells us.
