Today was a good day, unloading shorts near the bottom and flipping long when SPY was roughly even for the day. SPY calls at +40% now. We are close to be being overbought on the 60 min and that will be the cue to unload longs and see what happens. This was an abnormally severe spike so there is some risk of the opposite happening in the future. Right now however, I remain directionally agnostic for the intermediate term and wait for the market to play itself out.
On the 120 day MA, SPY reversed hard and maintained status quo.