I disagree. You're late to the party. Bear momentum has been pretty weak despite all the doomsday sentiment. I'm expecting a strong rebound soon, and while that could turn out to be a dead cat bounce, I think late shorts are about to get squeezed in the equity markets.

The SPX closed with a big downside wick yesterday and is up 1.6% today. Amazon is up 3% on the day so far and is threatening to close the day with a bullish engulfing.