You just gotta take profits off the table when we have those big flush-outs like last week. I only started re-adding my shorts heavily on Monday's pop. I'd say if we break and close above 1296 today, we'll definitely see 1305-1315 in coming days. That's when i plan to use the last of my money on shorting again.
This bull market has been running for a while, it's likely not going to just give in on the first big push by the bears. Gotta let the market make lower highs and lower lows, it's a natural process as the trend develops.
Just keep an eye on the ADX, it's one of your best friend :-D
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