US prices rose by 5.6% in the year to July so what does that mean to me. Well I cancelled most of my shorts but today felt like getting in again and placed another sell at 5515 and closed it after it went positive. Now why would you do that? Well my hope was that after a two day sell of in US equities a rally would follow and I would short at a higher price. Not so.

This is not very good trading from yours truly. I think I need to step back and re-evaluate my position. The market is a little misleading now too as a lot of traders are on holidays so the volume is not in it. Wait and see before I plunge back in after a fruitless few days.

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