Speculative Short Update

Per the morning tweet, I am staying in the speculative short for a bit to see if we double top or not. Statistically, I would say odds of a double top are less than a breakout based on indicators. However, the stop is so easy, as was noted when I entered, that I am playing the less likely scenario here at the top. There are cycles and analogs (and Transport weakness) that make me think it is worth the attempt. Uptrend support is currently at 1825, and if this is not done to the upside, that could be the bounce point. It is the key area I am watching to see if we hold it or lose it. So far, SPY eeked out a new high by a penny, but SPX has not. I need to see a close above the high and I will likely exercise the stop out. I will post the stop out when I take it. Here is the chart again: There is always a bear path and a bull path. We cannot know which path our future will choose. As always, do your own due diligence, read the disclaimer, and make your own investment decisions. Peace, Om, SoulJester