Hi Panda7,
Seems my post gave you the wrong idea about my longer term views!... The overall trend is down hard imo and I've only covered my spx short which is a poofteenth of my overall position and even then I only did so because I think there's a half decent chance to reenter at a higher level in one or two days time.
I also have a keen eye on the 38/39 correlation and posted the bottom line of what think here a week or two ago... The top is in imo and it's down from until somewhere between Dec this year and February next year.
Fwiw there's a bit of chat here about an early October low but I can also see a couple of set ups for a September low and early October high. My views are normally worth less than zero though so we'll see!
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