Doug Kass from TheStreet.com hears whispers of imminent rate cuts. Could market be waiting to see if Big Ben mentions that today? http://tinyurl.com/yq7zon
According to my rough estimates, you gave back about 70 ES points in the last 2-3 days. I know, you are longer term, but when in profit, why not take it and reload shorts at a higher price??? (specially when you are not on vacation, but posting and watching the market?)