Yes it is mate BUT remember the GFC plunges were also very...

Yes it is mate BUT remember the GFC plunges were also very strong downtrends and look what happened with those flys. I posted the Jo and dow and sp 500 charts from then here I think. BHP RIO were also in very strong uptrends when they got smashed

Nothing is certain as you would know. This current set up is just highlighting that there could be a good chance of a sizable correction coming up. My stop is very tight and is the recent high so the risk reward is very very good