The big question I can't answer right now is whether the rise we've seen is just the first half of a larger rise to a more significant breakdown point of the markets. Look at the rounded rectangle below on symbol IWM; it represents, for me, the potential for a greater increase in equity prices, which is why I am hedging with some longs right now. As I'm typing this, the markets seem to be pooping out just a little bit, but that is meaningless is the air-gap I'm showing below will ultimately be filled.
