Gas buddy must turn before SPY short again. Gas buddy and trump optimism overrode the FPC. But this happens rarely.

longer term chart….2014 (taper),2015 (0), 2016 (rise), 2017 (rise)

Oil and Trump kept the correction away for Jan.

Next FPC (Fed policy change) is likely in September.  The trump effect will have waned by then and gas buddy/oil should be with us. So I say next play is Sep 25-Oct 18 after FPC Sep. 21.  Should see Sep 22 SPY RHA and gas buddy declining.

A similar chart to Sep 2014 goes red the Mon after fed meeting until Wed of 3rd week close.

The next near-term dump with it X risk off: