I'm not sure why everyone is so concerned with the news, etc....Just look at the charts and it will tell the story. All we had this year is a steady buying, market is in an uptrend, above the 20 MA, made 3 higher lows and higher highs....just sit tight and wait for the market to close below the 20ma and make a higher low at .least, before considering any shorts... I wanted to catch a top with a weak close on the 24th, put a march bear call spread 150-155,,and paying for rushing now..
Of course EMA is a lagging indicator, but it does act like a good support during pull backs,, on 5 min or daily charts.. ..Candle formations and HH, LH, LL, HL are more reliable as they confirm price action..
LOL! Technicals?? Do you have pixie dust and market oriented voodoo dolls too. What a joke. Go take a shot of ur uncles snake oil and try to think before posting next time so you don't make a fool of urself.