12 Trading days without any major movement... Flat as the Dutch Mountains! The same time commercials are increasing their net short positioning. In fact I would have expected SP500 in the 2200 region with these data. I am starting to think about a selloff with a 2000 test. Staying neutral till major movement starts.
Comment: Still on hold... With JNK still at current level i would expect SP500 in the range of 2120. If JNK continues drop I will start a short.