The market has been trading in one of the tightest trading ranges in history this year. Breakouts/Breakdowns all faded. I have decided that I will only trade this market short because I know the break will ultimately be lower leading into a bear market. This trading strategy works great on the down days and not so good on the up days.. However, I am not smart enough to be able to perfectly time and play every little pop and drop. It is too hard for me completely flip mindsets from the Bear>Bull & back again. Quite frankly, I have zero conviction in the bull case. It honestly blows my mind to think that anybody is stupid enough to be buying this market at these inflated levels! Regardless, we are still trapped in a range, the market, as well as my account....
R. J. Sullivan IV