Interesting Gizmo. How come you are still net long the SPX? I trade the SPY and got out at 117 because the risk/reward ratio seemed to have more risk than reward. In any event, I'm out of the QQQQs too and expecting a rally to short it like you.
The only thing I'm long in now is in EFA, an ETF for the EAFE Index. My current stop is 153.40.