I am not going to be getting in front of the Banana Ben Bulldozer quite yet. There are dimes to be picked up, but I want to wait for there to be more before I start my short campaign. We all know the Fed will do nothing but posture, so we'll get the sigh of relief buying and that's what I want to sell into.
We got the Greece S&P ratings affirmation which eased any remaining Greece jitters. I don't know why S&P ratings are still relevant, but the market likes it. SPX 1160, or ES 1156 will be tough to get through. I will look to short in front of that resistance zone.
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