It's still pretty bullish on a weekly level. You can try and short for a hedge but you would need to place your stop above the bullish reversals...there is a tentative bearish reversal located at 187.00...if it looks like it will bounce then you might want to exit there on a touch. The array is looking like a coil will form...so be careful of a breakout to the upside...The next turn date on the weekly level is on the week of Feb. 17th. We may trade slightly down into that week. Look for the week of the Jan 27th to be a strong down day.