Indexes are printing reversal candles as of now so unless we get a late hour selloff, risk/ reward for SPY shorts and for other indexes is becoming less desirable. I entered DUST 33 Aug 21 puts based on the reversal candle and weakening selling volume over the last 3 days in GLD. It is a risky trade but we could see a fairly major reversal within a week.
Closing update: Looks like we have a decent chance of a bounce in the indexes tomorrow based on the reversal candles, black VIX, and weak volume. Only problem is that we had a strong sell signal triggered yesterday so the bounce may only be temporary.