Waiting Game

It is a waiting game now for the bears.  Going long now is akin to picking up dimes in front of a bulldozer.  The market is broken, but in the short term, the bulls can put up a rally.  I don't even want to short at 1100 (September contract), I want to wait till we hit 1110 or even a bit higher.  The rally next several sessions will test the will of the bears, but eventually we will break back down.  If we don't go above 1100 next week, the bull case for the summer is shattered.