Its time to think about the short side...

I hate it just as much as you do.

Here is a chart of the percent of S&P members above their 20-day moving average. If you're short, you want to time breadth. This is a "lazy" way of going about it. 

JNK, clean TDST downside break. Not what you want to see for long risk proxies. Successful retest and move into the range lows. 

AMZN

AAPL, clean resistance here. 

IWM 13 sequential coming tomorrow, lining up with a possible top in energy

One of the key principles of DeMark analysis is the application of TDST. When you qualify downside TDST breaks, the gist is that you use TDST resistance points to trade into the continuation of the trend. We are now backtesting those resistance points. 

Final closing thoughts: shorting is a dangerous and silly game. Once in a blue moon, you get all the signals screaming at you to take a punt. Especially now, when nobody is really thinking about the short trade. It is not something I love to do, but part of doing this requires necessary actions that should not be met with emotions. This is a systematic idea and process. The risk-reward is very tight and we should be making highs across futures relatively soon. If they keep grinding higher, don't fight this. Once breadth turns back up, markets can grind much higher than anyone can anticipate. Remember January 2018? 

I attached a chart as a reference. Catch you all tomorrow. If you want to join us in our chat room, be more involved with me and have access to me night or day — you know where to find me. www.pivotanalytic.com