I think that when anyone enters what is expected to be a short-term trade, it is important to keep in mind larger market trends. That's why I posted that small SPX chart image with the three trends I identified (with two pairs of lines). Two of those trends shows that something is likely to happen soon: the ascending triagle is nearly converged, while the SPX close yesterday was at the lower line of the wedge which I thought might produce a bounce up today if price didn't stay relatively flat today. So, net net, I decided to take profits. My trading funds are now all in cash.
If my next trade isn't UYG, it will be QID/QLD. Go where the money is.
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