Another one of those, why did I bother, days. Moved around a bit and ended pretty flat. It did reinforce the new fade the rally mentality that has hit the market. Looking at the SPX I cant help feeling that we need another downdraft, before the next dip-buying frenzy.
If we do have a serious drop then I would say that SPX 1056 would be a good point to close shorts. See chart…
spx
