I don't want to go into too much detail regarding US markets in this mornings post. I see no reason to change my current view and setups which were all illustrated yesterday: http://swingtradersedge.blogspot.com.au/2012/02/looking-for-short.html. Seeing headlines of "DOW 13k, whats next?" does nothing but add to my grizzly outlook at this juncture.
As per above, a number of markets look set for a retest of their previous highs. If they get there, this would set up great Double Top short trades. This is how trends change:
AUD futures 60mins: