Both the ISE and CBOE Equity only 10 day moving averages are in the area they were in at the January top. In January the market chopped around for a few days and proceeded to go down right after options expiration. Sound familiar?
I literally had my finger on a sell short order at 3:59 and did not press down. I don't plan on putting on a big position until expiration but I think the current juncture probably warrants some sort of short position. I will be looking to short any further rallies. Have a good night.