Neutral. Long and short.
Added long around the mid-day low yesterday. Late day low would have been better.
My summation signal is neutral but could turn up with higher highs.
My composite trend signal is down.
What I do from here is unclear and depends on how things unfold.
There are a number of possible scenarios with varying outcomes for me.
There is a + spread between my long and short. So, if I get flustered, I can also exit everything for a small paycheck.
Here is a map I am using to assess the trade landscape for this week. It is just some perceptions.
There appears to be some resistance above us at the lower edge of the recent drop zone.
Over the course of the bull market, there was a tendency to hop through those areas with a short squeeze or an overnight ramp.
With OPEX ahead, it is fair to consider that possibility. On the other hand, if bulls fail to push through, bears are likely to take control.