Well, perhaps the pathway to 1250 is finally now cleared. The ES, after having an amazing turnaround on Friday, continues its strength today. The (very minor) resistance level I'm watching on the ES is 1206.75, and in spite of the potential of the market to tack on another 5% from present levels, I am adding attractive short positions and keeping a substantial portion of my portfolio in cash. This is not a market to be trusted, in my opinion. I'd rather wait out the storm than participate.
