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.