Stocks can go up and down all they want, but until there is a break out above or below of the 5-day trading range that price action has been stuck in on the 30 minute chart, there is little reason to get more long or more short. range bound trading

Right now I am 30% long, 10% short, 60% cash. I don’t have any plans to change that unless we get that break. 

On the upper range, it would require SPX breaking above 2100 and on the lower range it would require a break of 2086. 

Until then, remain on standby

spx 30 minute chart

 

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