Buy and hold, either long or short, seems to work best over time. 1240's would work for me. 1220's even better in the short term.
New highs at 1370ish would certainly have me out, but over the next year or two, I don't see things improving. I'd like to short and hold, but I'll see how things go.
Don't want to get ground up trying to trade a bear market.
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