Obviously if I had known that March was going to be the bottom I would have bought then, but when this rally started I was expecting it to fall out at any moment once bad news started to come out. At this point it certainly seems that this rally is sustaining for the short term and who knows when it will top out.
From a technical perspective it seems the S&P should hit resistance around high 900s to 1000 so that might be a good case for going short, although I doubt we’ll be testing the 700s again anytime soon.
Perhaps I’ll wait and see if we get back to the low 800s and go long then.
