S&P 500: Approaching Make-or-Break Moment

The S&P 500 is showing signs of potential risk and a possible downturn, prompting the author to focus on risk management and position sizing in their portfolio. Technical analysis indicates a break in upward momentum and a high level of risk, leading the author to maintain a T-bill heavy position and a partially filled stock portfolio with hedging options. The author emphasizes the importance of managing risk and avoiding speculation in the current market environment, while closely monitoring the situation for potential trend changes.