Closing shorts – SPX Update

Short-term shorts were closed today by computers and I lowered the hedges for some of my key models. I am not sure if the weakness will remain tomorrow but this week’s low can act as psychological support for me. I have spent a long time looking at this picture today. For some reason, the PE
  • Published in SPX

KEY EFTs are forcing me to stop the shorts

Here is a good chart to explain why the SPX is not trading lower. I was short but today I got long https://twitter.com/user/status/1441079413165080586
  • Published in SPX

SPX Update

The changes that I was noticing on the price action were confirmed during the last few days. The SPY has been making lower lows for the last 6 trading days. However, the drop has been less than 4% which is not enough to say that the bulls are suffering nor that the bears are happy.
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Price Confirmation – Bulls were not as strong

Today price action confirmed the message I sent yesterday. You can review the chart with key ETFs on Twitter

SP500 – Inflation – Key point

A pullback similar to the previous 3. The key now is to know if this is a place for shorts to cover or to add looking for lower lows. Personally, I am ready for weakness but this does not mean that we will trade much lower. GOLD, OIL, and USD moving significantly. As of now

FED Tomorrow – why not higher today?

In the past the market was trading higher the day before a FED announcement. Today was not the case. This is raising some flags for me. I will ready for surprises tomorrow.
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