Amazingly the market didn't much of a reset period to recover from Brexit which I was thoroughly expecting. I am flat equities and still in SLV short. I also added GLD short to balance things out.
There is serious buying pressure here and I am tentatively eyeing a potential pullback after OPEX (the week after is historically very bearish) to enter long term long positions in size.
I don't think it is crazy to think we could hit 230 in SPY. The market has been winding up for a while and if FOMO takes hold, things could really blast off.
We are well over resistance and if we get a backtest of the yellow bar in the next 1-2 weeks I will be an aggressive buyer.