The advance from the May 2017 lows looks like it could be close to ending an impulse wave (5 wave advance). So if you are long this market it could be a wise decision to top slice and consider locking in profits. If the move is ending an impulse wave as I am showing, then a pullback in 3 waves to correct the advance is favored soon and correct the recent rally from 119.90. Any pullback for wave [b] is a buying opportunity, so look to buy into weakness.
Unless a move under 119.90 stay bearish and use the weakness to position yourselves for a rally towards 130.00.
Before
After
The rally and look on ZB and TLT is also a decent clue for markets like Gold and Silver, so you may want to consider watch TLT/ZB if you are metals trader.
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