I think heavy longs should lighten up positions and possibly increase hedge. Tier 1-2 longs still look fine till 1640-1660 (may test this zone before another high attempt)
Bearish view if we can't close above 1700 in a week or so.
Not sure if highs of the year are in.
Bearish view if we can't close above 1700 in a week or so.
Not sure if highs of the year are in.