Based off 50d/200d and previous runs, price doesnt look strong enough
Not sure about fundamentally but technically this is a clear indication of a sell off soon.
Going to be a boring month or two, but out of resistance can open up a huge pop.
Patience bulls, patience ~ No position
Still has to back test that previous support line. $spy on 5 day looks like it needs to come down. Holding a short position at 205.85 average. Looking for a EOD fade.