Watching the grind higher very closely. Taking some time today to revise and exact potential levels where the rally unwinds and the wave down begins. Complacency in stats like historically low put/call ratios are real now. However, amateur and retail investors are still bearish (not believing). Institutions are still net long S&P 500 but have been accumulating long dollar positions (portending a strong counter move in near term).I believe with patience this short trade could play out nicely into early October. Sitting on my hands waiting for developments but confident in my analysis. The next two weeks promise to be interesting.