Swing trade breaks in Shorts favour but no follow through lower.
From a pure price perspective, the suggested swing trades broke to the downside, but the lack of follow-through beyond the opening hour doesn't suggest shorts are going to win here. However, until last Thursday's/Friday's highs are breached the short plays can probably be held until they are decisively beaten. Ohers could look to a hedge with a long trade using a stop on a break of today's lows. With long/short covered the risk is whipsaw. The Russell 2000 was the only index to finish with a lower close and if shorts are going to win out then this is likely to be the index to deliver.