I am selling back to a 40% invested position at the close today. I am selling my SPY position. The NTSM Long term model switched to Sell. While I think the prior low of 4327 will be close to the final low of this correction, I am following my motto – trade what you see (indicators are negative) not what you think. I think the markets won’t go too much lower, but I’d rather not take the risk.
