$SPX continues to grind higher, but still only 2% above its highs from a few days ago when I started to short $QQQ and $XLK. MACD is now in day 3 of this mini-rise.

Breadth is still weak with Nasdaq not making new highs and Small Caps $IWM now fading. I stay patient and short https://t.co/0qoENJlvMJ