It’s not a healthy sign that the buying binge begun on May 20 couldn’t quite reach the 169.95 target shown.  Still, because the subsequent decline has yet to take out any significant lows, we’ll need to give our grudging respect to this aging and possibly enfeebled bull.  I’ll signal any shorting opportunities in the chat room and via email (to those who have signed up for email notification on their Account page). In the meantime, however, we should remain alert to any bullish trading possibilities, since our success at exploiting them can provide the extra cushion we need to get short fearlessly at new-record and swing highs.