Some interesting reversal signals posted today. DIA looks ripe for reversal. Settled into SPY sept 30 203 puts at 2.38. Exited SPY calls at 2.34 with cost basis of 1.52. I have to admit I feel weary about shifting from aggressively long to moderately bearish (only short term that is) within a short period of time but I really don't like betting against this set up. Let's see if this is nimbleness or just fickle decision making.
Long-term outlook: Neutral
Intermediate-term outlook: Bullish
Short-term outlook: Neutral/ bearish