Right or wrongly, as soon as the word ' taper' is announced, or even eluded to - the market goes into Ape mode and trades axiomatically - in full Ape mode it means:
- Sell SPY
- Buy DXY
- Sell commodity currencies.
Tapering is actually positive, so in effect the right thing to do if you don't want to scalp the short Ape Trade, is buy at lower levels particularly instruments like the SPY where you can build a position over time - the best of both words: timing the market and time in the market!
PS. you don't need to be an Ape to know what the Apes will do. Just need to be their to exploit the phenomenon.