I don’t really know what’s going on here to be honest.

I thought we’d see a period of consolidation, and we are, but I thought I’d be able to grab a few shorts during this time but it‘s a no go so far.

I’ve tried 3 short positions in the last week and all stopped me out for small losses.

This market just doesn’t want to stop with AAPL hitting new highs today, AMZN on the cusp and MSFT not far behind either.

For me, I think doing nothing for a few days and keeping a close eye for new setups to form is best.

I always find, and have learned the hard way numerous times, that if I don’t know what to do, then do nothing.

SPY bounced at the 50 day average and now has closed back above the 21 day average, which is positive, but I’m still having a hard time believing it, for now at least.

I just think we need more rest but I’ve been wrong before.

Time will tell.