those calls don't workout in 2 months typically. they are 6 months or 1 year or 2 years because you can't time economics and the markets together that nicely.
You can time the end of the institutional fiscal year combined with shit fundamentals (to be generous) and a highly overbought market reacting to par or sub par QE that they've hyped to death for months.
Worst timing imaginable. Not Buffett bad, but c'mon. The answer to the question is known as it's down a ton on marks.
Yeah, let's wait for the top print to go short. Not to rag on you but this is a blown call: An equity strategist for Goldman Sachs [GS 113.14 3.20 (+2.91%) ] is predicting a September selloff that happens so rapidly he is telling clients to protect themselves before Sept. 14.
And actually, it was good timing, this last dribble upwards is very lacking in conviction, headline euphoria.
The call is blown. I am stating that you're implying that it's "awaiting the setup" is BS. If the mkts were down 25 (SPX) today he'd be screaming from the rooftops. Take a position and stand by it.