We assume that the S&P will be headed higher. A number of factors play into this fundamentally, technically it is a little more difficult to see and as much as I hate fundamentals it plays into a big part of why I am long. I think we are due for a correction in the next 6 moths to a year, but remember it is always better safe than sorry and have your stops. For me I will leave stop at the 2050-2060 area to allow enough wiggle room to catch a move north without being stopped out.
Comment:
be weary in this zone