CMI Stays the Course

As much as I would like to flip to the QID side, the CMI is not giving in even if there is another losing day like today. The good news is that the loss so far from this current trade is manageable.

If I had to guess I would say that there would be another steep leg down. Hopefully I am wrong and we 'flat line' for a while if going up is not an option. The CMI is calling the shots so there is no need to second guess.

If I say it enough times I might start to believe it.