SPY short or TLT strategies aren’t possible until risk off.

Basically…risk on since July and with oil since August!

But now ROC is +ve.  So likely to change to the upside in 1-2 months. In order to play Sep-Oct SPY short, risk off is necessary.

See 2014 for example…

In July, Oil started to fall and risk off started.  So the SPY short strategy worked great Sep 25-Oct 15 (3rd wed).