Nice short trades today from the mean reversion setup.
The point is not necessarily to argue against the broader trend. Strong markets can stay strong, and momentum can persist longer than expected.
What we are challenging is the pace, angle, and short-term extension of the move.
When price rises too far, too fast, the opportunity is often not about calling a major top. It is about identifying moments where the market becomes temporarily stretched and vulnerable to a tactical pullback.
Today was a good example of that type of setup: respect the trend but measure the excess.
We look at the big picture of the performance of the Two System, Three System, and Seven System Portfolio setups and how the portfolios are performing.