SPDR S&P 500 (SPY)

[farooq]

Be,
I need to see the evidence and that is closing below 42.80 till then I think we are in uptrend and only weak hands are shaken out since I do not know future I am long with Puts and trading. Be, we mostly miss the market because of fear if we stay in with proper measure 1-2 % protection make it self out. We usually take 20 30 % hair cut rather buying 2-3 % protection. I like your trading keep sharing with us.
I do think for a new up leg we are resetting indicators. These are just very good short-term trading opportunities and after that a long slow upward process and this is JMHOP. Just remember I was wrong many times before.