The line in the sand has been drawn. The only thing between the longs and another all time high is the 50 DMA. The shorts have successfully defended the 50 DMA the last two trading days. Each time the market has gone above the 50 DMA during the trading day but ended up closing below it. I am hoping that the shorts can repell the longs this time around so that I can get long at a lower level. However, the shorts are at a huge disadvantage given that the longs have owned the overnight futures during this run up.