Given the inability of the AI names to bounce on Friday and into this week, I was skeptical of being long and had been flat the names all of this week.
With todayโs rollover, I now have no interest in any longs and, if anything, am looking for sold levels to short looking for the leg lower.
This is how dynamic trading is. In a span of a week I went from bullish to neutral to now bearish.
A few scenarios would get me long-biased again, the best of which would be a second larger and more capitulating leg lower in these names.