It can also rally to div highs
Let rebound play out but ready to exit all longs on failed rallies
Watch rebound Macd 30 top JAN 24 OR 25 DIV HIGHS
t about 200 pts up to test Jan 13 high
OB neutral , buy other indexes and sell calls QQQ on rallies
Iwm OS 2 3 weeks ready for a bounce per macd t= 30 pts
Wait for roll over TC3 tue wed , caution next div high to be confirmed with price breakdown, this can be a trend down trade after BD
If it time to roll over no rush , short only BD < TC20 entry on rallies M15 R/F
give the top sometime to play out sell calls on rallies
This upmove just restarted do not rush for shorts buy retrace
watch retrace to TC20 then bounce and reconfirm sell pattern
This enforce little trade wait for 5 bar pattern = best 16 jan is ob no signal wait for buy or sell break to emerge