Long RUT for a new possible new high.At this point I am not entirely convinced my overall bear thesis is correct. I am starting to think I may have been able to use a set of good signals to work out high probability resistance levels in 2021 which have produced good shorts but were ultimately pullback levels rather than top levels.
The big bear thesis has not failed yet. I do still think there's a risk of it. But at this point I'd put the odds 75/25 bull/bear over the next highly significant swing.
If this is happening, the lagging RUT (Which looks exactly like SPX did at 3900) is an excellent catch up trade.
Let's be clear ... I still think a major bear is coming. I just am considering the risk of it not coming for a while is too high to ignore.
Sooner or later a crash is coming and it may be spectacular (Babson) - but "Later" would be a big problem if over committed now.