FOREXEL
Short

What to do when the stock market is overbougth..

FX:US30   Index of top 30 shares on Wall Street
211 0 2
What to do when the stock market is overbougth...hang on..lets buy some more!!. Well not me. I expect the bull rally to try to break the all time high at 18.270 and try to start a new leg towards 18.350/60.

If the bulls succeed to push it higher then they will go for 18.390/40, 18.425, 18. 470/80 and possibly all the way to trendline resistance at 18.510/20.

My plan is to go short if the bulls go for the levels above. Where I will add on to my trade as the Bulls try to push things higher. All I need to happen is for Madame Yellen or Mr. Bond to scare the market for me to reach my targets (in steps as the intraday market stays choppy)
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