agreed. markets way over-extended and $ is likely place to be right now. not really a short with all major support trend lines still in tact and fed still buying it up. shorting bounces near resistance levels now might work but thats still trying to time top vs going with down trend.
As for trigger there might be no trigger. FED kinda negative comments=market higher. Russia invading Ukraine= quick pull and markets higher. Instability in Israel= markets higher. ISIS= markets higher. Ebola scare= markets higher. Perhaps we need good news for a trigger down lol
in terms of news environment and markets reacting it is similar to 2007s into earlier 2008s. Lot of warning signs and bad news but market just ate it up and went higher. Then massive rug pull out of nowhere.
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