Conclusion
Well this week is all about seeing the initial action.
Was Friday the start of a CIT? WIll it grind out into a topping process or will it do the usual and a short sharp fall and then up to new highs?
First of all we need to watch and respect resistances and supports. SPX 1698/1700 is a KEY as well as the ES levels above
We need to see if Monday is a WNER or follow through from Fridays selling?
So for now I remain SWING SHORT and 1 position DAY LONG from Friday at 1709.
As it stands it does not look good but we shall see.
No new positions until tomorrow RTH at the earliest as a guess.
Plan your trade, trade your plan!