So here we are on Sunday evening looking at the charts.

I'm looking at the qqq and am thinking I might be buying it around where it closed $54.64 with a stop of $54

Other than that I am pretty content with the way my accounts are allocated. Pretty much 50% cash 30% in rsp(equal weighted s&p) and 20% in a few short etf's.

Any reversal up in s&p ,which would be 1300 based on fridays close and i will close my short etf's and add to either spx or rsp.

Then the quesion will be can the s&p make a higher high 1380 or will it make a lower high before reversing back down

It has to be noted that based on relative strength stocks remain the place to be. I have reduced my allocation because I believe in capital preservation 1st and foremost