Conclusion
I want to still short the rallies.
Problem is that in the past when there has been a ‘resolution’ to fiscal cliff pollux, it has rallied big. Add to that QE pollux, any downmove just cannot stick.
If it is trend down, then any ‘fiscal cliff resolution rally’ should sell off.
Lets see what happens at 1683 tomorrow and if I see it in globex, I will look to short.
Plan your trade, trade your plan!