$SPX500: Top of relief rally?

FX:SPX500   S&P 500 Index
I'm short here, hedging my long book. Got a few long term positions that should do well regardless of whether this is part of a larger relief rally in a bear market, or a new leg up with new highs coming...but also have some growth positions I bot to capture the oversold names turning up that I need to manage risk for. I will be closing the ones that fail, but this signal helps control risk as individual charts pan out. Daily $SPX500 trend expires today, might see some rotation from stocks to bonds, as the quarter ends. Interesting at least, recession risk is substantial and bonds might react as well. Weekly charts for bonds show targets have been hit, so a rebound could occur.
Stay safe out there, I'm short 230% vs my stocks portfolio, since some names I hold have higher beta, and I have some leverage going as well. (long term positions are low beta, but got high beta names long still)


Ivan Labrie.
Trade closed manually: Panned out, hit support and bottomed for now.

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