When I look at this market I think it is disturbingly cheap, especially internationally exposed companies, but my opinion is worthless. (
this video is worth a look regarding blue chip companies) So that leaves me with just the technicals.
Right now the daily chart indicate the SP500 can move to 1100 to 1125.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjGWC__lm59c4HKJ_qo7T2IvXyTo0bSxOmkMBIs-Bcp2BNfs3GkSgAZlTuDUft8-2y5NlxTl8TnkmIxxxyyhyphenhyphenOmf2l5WDqM7ufUoNjKtdsgQ9OQKqEbg8oNO-TO96JwqNlLDSlspgZgNsQ/s400/sc.png)
Then there is the weekly chart which suggests a move to 1116 or so.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3siZ1KyhK2fvI-Ad833hd0ihjDvLn50sfnqWOBjenVTP-y7FXOS5O9AO4zALgCrjF6fzYSVHPt7JI-Y5HzbngTu2DiMJ4prSCZZRbcpeKmtvd7eV-NhjSj4WY7-ZIZuzkPRZrfvGb4H0/s400/sc-1.png)
Purely on the technical front, I will look to take on some protection at 1116-1125.
(Fundamentally I SOOO do NOT want to short, but the psychology of the market is just ridiculous.)
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