Because a market crash hasn't occurred on OUR schedule doesn't mean it isn't coming. The worst case scenario for next week is that the market opens limit down on Tuesday and struggles to open at all next week. Accordingly, some short position needs to be already open by the end of trading today (Friday) so as to no miss out on the initiation of the next leg down. The structure is set-up for a market event, the timing is out of our hands. The next five weeks will make market history and it would be a shame to have anticipated it all Spring, and than miss it because...well, because of any random mental stumble. Note that despite a rally week that the bearish price structure remains bearish and even more so. There is virtually little if any upside left, making new short positions taken around current levels some of the best risk:reward trade opportunities of the past three months. Yet the market has done its job of keeping all bears tentative and losing commitment to any kind of downside volatility.
