This set-up is related to my analysis on the DOWI . My short sentiment for the SPX is inline with it as well.
Some other interesting articles to start a conversation
S&P 500: The Perfect Short:
Short The S&P 500 ...Cautiously:
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S&P 500: The Perfect Short: http://seekingalpha.com/article/3665306-s-and-p-500-the-perfect-short?auth_param=15d6os:1b417ut:6c1f274cd86d575fe9c2038826980413&dr=1
Short The S&P 500...Cautiously: http://seekingalpha.com/article/3629676-short-the-s-and-p-500-cautiously?auth_param=15d6os:1b39v41:2bdb8b2e3575ed86e28ac94178c58043&dr=1