I've tried to be a bear during this rally (went long from $230 to $340 in futures, then reversed) but there simply is not any selling to push the price down and I took a small loss, twice. And there are still 20,000 shorts on Finex, which, if the market continues its relentless march up, will cause a large crash upwards when they all rush to close out at once.

These are confusing times for traders because they've been trained to go short near 300 all year. Now things seem to be different, at least on the surface...