I’ve been half position on S&p500. I don’t short I hedge buy dropping to 50% position when I get a sell signal. See my book “The Money Flow” on amazon.
I use 5 indicators to decide buy or sell. I need 3 of 5 to initiate a trade. We currently have 2. Adx/dmi crossover and price breaking above the 20 ma. If your short is get concerned. Day still young…easy trades!