Altough I'm not a big fan of following technical analysis by-the-book... When the indexes close between the 50 and 200 MA or EMA, nothing is clear?, the danger zone? Being long or short is highly uncertain now? Add this to the fact the 1500 support on the S&P 500 has been broken. Still I'm not bearish, at least not overall for the long term. Since I never invest against the main trend; I bought 4 week T-Bills, which I may sell before maturity, if things get better.
I did add some long positions to my portfolio yesterday and today, looking for some steady gains over the next 1-2 days. Still bearish over the next 6-12 months though.