SPX Bear Signal Negated

The weekly EMA 20 has crossed over the EMA 50 and that is just a fact. The bulls not only took the bears’ ball, but now they are chasing them around trying to give them wedgies.

The weekly EMA 20 has crossed over the EMA 50 and that is just a fact. The bulls not only took the bears’ ball, but now they are chasing them around trying to give them wedgies.

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I still have SPY short but it is a position based on stubbornness and one final parameter, plus the fact that I have much more long exposure. The more I look at things the more I am leaning toward booking more profits and getting more heavily to cash.

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