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.
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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.
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1987, 1994, 2001, 2008, 2015 (failed because of 49 yrs Jubilee), 2016 (market will crash heavily). They fall every 7 yrs & 49 yrs cycle.