I put my finger in the air and the wind is not blowing right. That being said, my puts are a few weeks out and I'm still long the world... call it, insurance for now. Unlike the schizophrenics in this thread, I don't hop in and out of the market everyday so I'm generally scaling into, and out of, longer term positions over time. I was not planning on scaling into a short at all but something is not right here.
FWIW, 2951 profit target from 14.25 HWB low hit, 2951.25 measured move from RTH opening range rally hit, and 2951.50 from VZ's magic pencil hit ... add to that the fact that B1 is long, and a 15 to 20 point pullback is likely.
And you called this last Thursday.... and they say Technical Analysis doesn't work... Reading through the book that you recommended I can see now how you got the target for the measured move.
Long 2940.50 stop below main support with plans to average in, 1st target standard with plans to cancel add if reached.