Pre-close update: The long trade has been closed. No new short position will be opened.
Earlier post: The system is generating a sell signal (although not a short signal). The long position will be closed today if the signal persists. In fact, with today being an FOMC day, statisitics show it is better to sell around 3pm, as there is usually weakness in the last hour. If the sell signal holds into 3pm, I'll close at that time rather than the usual 4pm.
There will be no short position initiated. There is too much strength to go short, but too much risk to remain long. After today, the system will remain out of the market until the next long or short signal, assuming of course the sell signal holds into 3pm.