Another strong up day. Now, Nasda is 17 points away from 2150 target and $SPX is 11 pts away from 1080-1100 target. I expect the above mentioned targets could be the important top. If you look at the two weekly charts, you will understand better why I am saying that. 1080 is right at the long term downtrend line which could provide heady resiatance.
I would try to sell some long positions when we are a little closer to these targets. But I will not open short until I see some bearish reversal sign.
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