SPY going to $260?

Indicator going sideways after the recent dip which made me go short, similar thing happened last time before "The Great Correction". I'm already short the market in my trading account so will be interesting to see what happens. Either I will be a god or I will be outdone by the PPT.

 

And because I know @dozu888 is going to talk about sentiment, here is recent sentiment vs close data. Not a perfect inversion by any means but it does mean that prices will go up as about 50% more accounts are short than long.

 

I ended up basically doing a bear put btw bracketed by ATM put and $260 put.

 

I think SPY is going revisit $235.

(The Trump Call)

Unless the Fed lowers interest rate again (and humiliates itself over its BS about a strong US economy), the stocks have plenty of room to fall IMHO.

 

I'm fine with either.