The chart screams short because of the Apr13 experience. It may be a beautiful trap.
My Feeling: buy
How: stop 1110 on close
I was neutral in 2014 as i felt a collapse was possible.
Then i tried to buy 1275 stoped 1230 - lost 80bp
Then i tried to buy 1206 in smaller size and i am still long - will stop 1120 (would lose another 80bp)
if it jumps it will be a long ride up and I will add on the way.
weekly pic is still weak, in daily, volume at support 1150 was nothing extra, now at ema34 retrace, good place for short reentry, same daily popup as in Jan15 occured in Sep12, just before breakdown, we are well below ema200, but needs to clear 1145/1155 poc zone
check site timingcharts.com you can display commercial shorts or net position, they had huge short positions in Jan15 decreasing sharply but still holding a lot