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$SPX - no real reason to get too aggressive on the bullish side unless/until $SPX breaks upward out of this descending triangle in a convincing manner. Until then, safest course may be to watch and wait for that break out if one is so bullishly inclined. If bearish, as I am at the moment, a rally to the underside of the descending trendline would be an opportunity to implement or add to short positions without too much risk if shorts are added with relatively tight stops not far above the descending trendline.


Historically not the best week to be short, but if ones so inclined that way /es 68 would be an ideal spot 5/16/16