What am I doing?

I am staying net neutral, taking profits on my longs that have been working, and building up my short positions.

Ordinarily, I would be getting more heavily long with the SPY being above all key moving averages, but this time, I need to wait until we get above the 2015 high on the SPY (213.75 on my chart below) before the coast is clear.  I will cover the short positions if we blast through last year’s SPY high.

Spy high

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