Once We see the S@P hit The 55Ema area I,ll Be Looking for Short set ups . The trend is firmly up and there,s no Denying that , but for me the 55ema area is the Line in the sand for some nice risk reward Longer term investment plays . My eyes will be on shorting Banks stocks and I,ll play the Dow Index at some point to .
We could see this Hit before the year is out with a low volume xmas Rally but regardless its not time to be buying anything until we get a proper Pullback that,s for sure .
We have a Box play underway on the daily . Once it breaks up price Should eventually print in the 55ema Monthly Area .