SPY

looking at the spy for instance I I did take a long trade on this bounce over here and then I'm still short some from over here. So, um, that I covered most of it and actually I covered a lot of it right here and sold back a little bit right here, but I I still have a core position short the SPY and the semiconductors as well.

So, we're starting here with the with the S&P. And today, the S&P is kind of not doing a whole lot, right? We initially looked to open up slightly higher and even pushed up. We're up about half a percent. Look like we're going to tackle those potential all-time highs again. Not quite. Big reversal in the markets.

The market sold off, but eventually did rally up about 0.7% um intraday from those previous lows, before selling off into the end of the day and now actually going green. On a broader time frame, we're putting in a potential interesting couple of days coming up into these this beautiful kind of up-sloping trend line. Should this up-sloping trend line ultimately end up breaking to the downside, I definitely could see the SPY come down closer to that $700 level.

However, keep in mind that the market trend is upward. We have a new sell signal on the SPY indicator. By the way, I told you last week that I wouldn't go near this market and now we have another sell signal on SPY. We talked about the reason, which is that everything shows a downward widening and I can never touch this market.

Now, regarding the S&P 500, by the way, I expect the first ten days of September to be tough . This is usually the period when technology stocks are most severely affected. Therefore , expect this indicator to decrease slightly as well. However, the S&P 500 index continues to rise because money keeps being printed, and that thing keeps going up and up and up. It is still in an upward trend, there is still a buy signal, and there is no sell signal. Therefore, despite the weakness in September, I will not short the S&P 500 because it is closely linked to the global money supply.