The downtrend from mid-December’s highs found no respite whatsoever at 135^25, a Hidden Pivot support that comes from the 180-minute chart. It would take quite a bit more than that to wreck the bullish look of the daily chart, but we don’t need to wait for more evidence to infer that a major top is in. If you’re looking for a way to get short, stick with abc retracements on the 5-minute chart, since the rallies have been pretty feeble.