Consolidation, Top Formation, Only Time Will Tell

I lightened up on my long exposure a bit more today.  My portfolio is mostly cash, and in terms of invested assets, net neutral, meaning I have long and short exposure, so on a day like today, the value of my portfolio went nowhere.

There is ample material for arguing that the market will stick with a continuation higher,  and there is certainly a fundamental and technical case for a move lower.

I will play defense for now.




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