How about the longer term downtrend? The lower highs have been very easy to short and the obvious main support level easy to long. The same applied to all the nonsensical ETF speculation, but it seems that it no longer plays a role of importance. I only focus on the easy to exploit events that usually take longer to settle and avoid everything related to day trading.
Right now I have a pretty large long position open around $6500 in anticipation of the October syndrome this market deals with year after year, and I expect some fireworks to happen.
Past Q4 seasonality increases that started in October;
2014 $300 > $450 = 50% increase.
2015 $230 > $500 = 115% increase.
2016 $600 > $1100 = 80% increase.
2017 $4500 > $19,500 = 330% increase.
I'll just let it happen and try to ride it out as long as I can.