The S&P500 is getting very close to our next upper trend line where we believe there is a good chance it will turn down towards our next entry zone which is LONG.
A more riskier proposition would be to go short.
However, as we have seen repeatedly this Index has a habit of being propped up on the smallest of retraces.
This makes it difficult to enter any new position, long or short, at this point in time.
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