SH Chart Update, S&P Negative Earnings Guidance at 7-year Highs

On March 07 we effectively shorted U.S. equities.

Here's an updated chart of SH, the ProShares Short S&P500 ETF:

In the original post we wrote that the chart does not yet show any bullish indicators, however that'd change above the green line which was then circa $32.  We'd now call a bullish turn upon any close above $31, still using that green line as the key trend to be broken.   

Worth considering is "Negative Earnings Guidance at Seven Year Highs", from which we show this chart:

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