didn't get lower opening

Covering equity shorts at 80%. I was expecting a lower opening today, but I didn't get it... I'll close at 97.90 when I entered the position.


This is what I see... the S&P 500 will move higher in the next few weeks with a lower VIX and lower momentum, but it will peak with the RSI in the 60s, and the MACD will have lower highs for the new high. I expect a top at 990-1020 for the S&P 500. Establishing a short position there seems to have an excellent risk/reward for a trade. Fundamentally, there is no reason to buy and hold equities at these levels.

I'll take a wait and see approach for bonds though. I see a fundamental upper bound at 400 bps. I'll consider going long at 380 bps.