Longer term view
This is why im cautious here , but still bullish longer term (at least for now)...
kool, glad to see you are 'back'. I always enjoy perusing your charts.
We are in the stage of a mini-melt up but there are reasons it could peter out soon, at least for the short term. Ive been buying this market (most recently, Friday at 1142.25 for small bounces, but i think its time to start looking for shorts. Im watching 1156, and 1153.75 and though we have topping indications right here (1152) im hoping for higher after a small decline. ill be watching 1136 if we should begin to decline this week.
Be advised Mondays have basically been bullish, since last September. And on March expiration week, the odds are even more positive! but a short term top is close, probably early this week!