only stock is short which is ta is downtrend like goog, unxl.. not in index..if u want short index for hedge for long need buy April or May put... All spx and market indicator charts.. http://stockcharts.com/public/1226273 spx will test 1565-1575 even 1600 stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=1&dy=19&i=t08449892114&a=165175544&r=1363279287420