The 1409.00 target shown, introduced here a week ago, remains valid and is still a logical place to attempt shorting this sometimes sludgepot.  Camouflage is the preferred way to go as always, and I’d suggest using the 5-minute chart if and when the rally reaches 1407.50. Easier but somewhat clumsier would be to initiate the short at 1409.00 with a 1410.25 stop-loss (as originally suggested).  I haven’t exactly drum-rolled this target, but it has been long enough in coming that we should assume word of it has gotten around. That’s why I am suggesting a ‘camo’ entry strategy unless you’re feeling lazy.  If the trade survives till the final bell and is acknowledged in the chat room, I’ll establish a tracking position for your further guidance. _______ UPDATE: My 1409.00 target — stupidly, tediously, incorrigibly slow in coming — hit a near-dead-center bullseye, since the futures have dropped to a so-far low of 1402.00 after topping this morning at 1409.50.  Cover half at current levels (around 1404.00) and let it ride with a 1410.00 stop-loss.  If we get more of a pullback, you know the drill: Swing for the fences, since, although it is extremely unlikely, there’s always the chance we’ve caught a major top.  The trick — and fun of it it — is being able to make money when we are wrong, as we have done on perhaps 9 out of 10 of these ‘pick the Mother of All Bear Rally Tops’ trades. You can learn how to do this stuff yourself — and more easily than you might imagine.  Click here for a free trial subscription.