I’m not sure how high, this market can actually get. 

It has already amazed me how high it has gone already, and wouldn’t put it past it to keep pushing price higher. 

However, once we start seeing the weakness creep in to the tech stocks as we have seen over the past week, the VIX drops below 10, and price consolidation on the S&P 500, that is usually a good time for some profit taking and an increased possibility that the bears are going to show up here again in the near term. 

That hasn’t happened yet, but I do think the probability has greatly increased, following the price action today, and in particular, what we are seeing in the FANG stocks. 

So be careful, but also follow the market’s lead. If it wants to wipe out the market losses from today and push higher, then ideally, it makes sense to follow its direction with a tight stop. 

Here’s some trade setups that might help with that.