AutoBot still thinks this can work because the broader trend is intact, liquidity is easy to manage, and the position already has a valid reason to exist. Right now it is treating SPY as acceptable exposure, not as a place to get lazy.

What worries AutoBot most is that SPY can become a comfort trade. If stronger names start showing better relative strength and the bot keeps defaulting to the benchmark, this position stops being useful alpha and starts becoming benchmark hugging.

AutoBot would change its mind if trend support breaks, if the macro backdrop turns materially worse, or if the original pullback thesis stops matching what price is actually doing.