If you're asking me why I'm such an idiot to be shorting still, I didn't get to where I am without having balls to begin with. And you can't have balls without being an idiot. Oh, the smell of napalm in the morning. There's nothing like it.
A down week, which this is as of now, makes the week low on Thursday or Friday 84 % of the time. For now, we have the week low on Tuesday. The market seems to be at a pivot point around these levels sandwiched between the monthly open and the yearly open, so it's a spot where buyers could come in. In other words - bit of a tricky spot from my POV, but it we lose yesterday's close I have a hunch we'll lose that 5900 level on SPX into month end. Still, I feel we're stuck in a trading range if we zoom out a bit. The market ain't going anywhere fast in either direction. Reminds me a bit of 2022 where people would get very bullish near swing highs and very bearish near swing lows.