If you've followed me for a while, you know I love when the signal bottoms (or tops) and there is some volatility in the signal ("notches" I like to call them). I interpret this as resistance. I am adding to my short on new rally highs. Finally the signal is seeing some life.

Maybe not in June, but by July I expect ~2500 $SPX. That's 10-15% from ~3100 $SPX.

Weeks ago, I thought the signal would bounce on a small sell off before it went negative. But it looks like we did a full cycle from long to short. This can get ugly. #timestamp