(Disclosure: Bellaire Capital Management, LLC owned SPY on behalf of its clients at the time this post was written)
I am agnostic about direction at this point. I would probably sell if the market rallied further, but probably be a buyer if we approached the recent lows. I don't expect a conclusive breakout either way until later this fall, so playing the range looks like a winning strategy at this point.
This information is neither an offer to sell nor a solicitation to buy securities. Forecasts, estimates and opinions stated are my own and the data presented is for educational purposes
only. Investments involve risk unless otherwise stated. Past performance is not a guarantee of future results. Be sure to first consult with a qualified tax and/or financial adviser before implementing any strategy discussed.