Depending on how you look at it, it doesn’t get any better:

If a short position is going to fall apart, it won’t take much of a move.

Even though DJUSBM closed higher than yesterday, on a price action basis, the index subdivided lower; a lower high, lower low.

We’re maintaining our short position (not advice, not a recommendation).

Tomorrow’s action will likely show if that was a good move or not.

Charts by StockCharts

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