I would like to find a short near the 1405.50 area...not much higher though...and take it way down to say the 1180 area...wow that's a bunch of a move isn't it? Would that be even possible in this say...environment? If you take a look at the weekly you may see that it is not that far away...Being a forker I play both ways but I tend to take more trades in the direction of the market...if the market is correcting here, then a test of 1289.25 may be warranted...and possible launch platform for the next big bull.
That's how I see now...I reserve the right to change my mind as the market dictates.
Best of good trades, Spike