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.

spx

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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