Where are we?

Figuring out where we are is harder then finding your way around Moscow. In the last month we  are at about the same spot we started.  There are two possible things the market could do, the first is a topping process to ultimately make lower lows. Or we are consolidating to rocket higher. Market feels strong and at the same time fundamentals are shit. The 878 I mentioned is a key level to know if we are going to make lower lows, a break of that will bring lower price action. To the up side I feel any new high in this two month rally would confirm a market that does not care about how shitty it is out there. More likey neither will happen, sideways.

The best possible scenario for me is sideways to lower. My positions got whacked today, I'm caring for some short deltas. I might have to close my positions to reposition myself better, I'll have to see what tomorrow brings us.