That's understandable, since we are at all time highs. You would still play the lines the same way.

If you are currently hedged, then you should be cautious of the bearish reversal at 190, especially since this is a turn date on the weekly level. 

The safest way to play it, is if it should get down to that reversal this week, you would exit the hedge at that reversal where you have price meeting time.

If price happens to close below that reversal on a weekly basis, then you would put that hedge back on. You would look for a bullish reversal to fail to close above for any hedge if it is on a turn date.  

The entry place for any long position with the least amount of risk would be to buy at that 190 reversal,  you would place your stop under that reversal on a closing basis.

Currently at this time, hypothetically, Socrates is long 14 positions, a protective stop on a close below is currently located at 188.94... 

This market can move down quite a bit and still be in a bullish position on the weekly level.