I have no shorts. I have been playing this 4 year bull with longs and cash, selling the rips and buying the pullbacks. 1550 was going to be my first buy back if the market gave me the go ahead. I bought a little 5 days ago and there was no conviction so I sold yesterday with a fast 10%.
Now, its wait and see if 1550 gets tested again and/or holds or we go to 1500.