I’ve stopped holding a position for or against the S&P 500.
Underlying forecasts:
Daily: Positive
Weekly: Marginally positive
Monthly: Marginally positive
Quarterly: Positive
Annually: Marginally negative
Note all the above statements are regarding whether the ranged forecast is strong enough to contribute to anticipating a short-term market trend.
Longer-term, my best forecast is a mild rebound over the next quarter, and a small decline over the coming year. In both cases, the standard deviation is larger than the magnitude of the forecast, so take it with a grain of salt.