The SPX (S&P 500) and the SPY seem destined to climb the wall of worry and rally to new all time highs and possibly beyond. I have no idea why, but I really don’t care either.
I am building up my short ETF position this AM in anticipation of a final battle on the top of the mountain.
After that, I will just go with the trend.
If the market rallies higher, the only thing that makes sense is to join in and get long, longer, or very, very, very long.
If it rolls and fails, the only option is cash or short.
Now, do it.