SOFI Retracement on the short term, Bullish on the long term

Retracement on the short term, SPY looking weak and due for a correction due, Finra investor margin debt is on at ATH relative to GDP (source: finra.org/investors/margin-statistics). Still have a bullish pre-disposition with SOFI, playing the market highly defensive - will be doing partial to full hedging on portfolio these next 60 days. Tread carefully guys and good luck!