Neutral.
My summation index signal is neutral.
My composite trend signal is up.
Still waiting for a reasonable opportunity to trade. I could go long, short or both depending on what happens. That is not a very helpful thought at the moment I know.
While the various equity indexes are bouncing around chop style, they are each showing a different complexion and character.
I'll be watching to see them harmonize their action for a clue on what to do.
I am also watching the VIX, which candidly is making me more cautious rather than confident as it pushes its lows.