SOXX Closed, DAL Closed XBI, Open
What we’re looking for from a short-side perspective, is ‘ease-of-movement’, downward.
Today, only one sector that’s currently being followed exhibited downside ease: Biotech, XBI.
To recap the situation with XBI, were in Wyckoff up-thrust position, first discussed here, then here and here.
Positioning
As stated in the header, SOXX-25-12, DAL-25-03, have been closed.
Biotech (short) XBI-25-03, opened with a stop at the session high (not advice, not a recommendation).
Charts to follow.
Stay Tuned
Charts by StockCharts
Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
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The Danger Point® 
Jason Shapiro says short-Vix positioning is crowded. If you care. I know this site is about Wyckoff method but I thought I’d share something that builds the bear case.
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Yes, thank you. I appreciate it.
Knowing where the other traders/investors could be all clumped up as a group, is excellent information.
My opinion is, if there’s a significant event, a market break, this time around we might see markets closed or halted more than ever before.
That in part, is why I’m shorting directly and not (usually) using an inverse fund, or futures, which is what I was trading during my mentorship with Weis, years ago.
Of course, we won’t know if market halts and closures are a viable concern until it happens.
Once again, thank you,
Paul
p.s. My YouTube history shows the last time I watched a Shapiro presentation was about a year ago. Probably good for me to re-visit his posts since then.
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It just dawned on me, I did not ask if I could reference your comment in the latest update.
If that was not ok, please let me know and I will refrain from doing it again.
Regards,
Paul
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