I have been taking technical trades off SPX
short for a while and this week am re-entered back into the trendline
and looking for the break. If you are not on this, wait to see what sort of movement we get on the dollar today and see if you can get a technical pullback... if dollar retreats (and I don't think it's going to) then you will get a great pullback. So, look short but be tentative about it. The US crude oil
stocks have been notorious for breaks without much follow through and with this dollar bee-line and the trade wars escalating, I am long dollar this week and looking at this short play on the S&P
as a long term hold. There is a great amount of opportunity in risk aversion right now. The dollar as a safe haven will play out as a theme perhaps not this week, but if we start getting breaks out of the existing structure, then the indexes will fall. I am 1/2 percent of the account value on the first trade and am only 1/4 percent. Will update you on the close. It's been a great June. This will be interesting to see if we get this break lower during July. Blessings to you all!