Take profit for sure.
Short if you can - 20% size stop 7% away + add 20% if climbs 3% which should not happen before July same stop (4% away then)... Hold that and wait.
Sell in March and march away...
It is not trivial but if nothing happened until end of July 2016, it may fall sharply over 4 weeks.
The collapse is not certain but the subsequent upside could be tremendous.
If 7700 is reached in August - DEPLOY FUNDS
The correction should last until September 2016 and should reach the 1730 area with a sharp intermdediary rebound.
The last move below 1820 will be perceived like the end of the worl technically because below 2009/2011 support.
That last bear trap could be key entry into a 18months rally into 2018.