Everyone says newcomers fear unidirectional moves, while veterans fear ranging markets. Today's ambiguous movement is truly interesting – a strong rebound without follow-through, and a pullback that lacks conviction. It's really frustrating.

But as a steadfast bear, I absolutely won't chase longs at high levels, so bear friends shouldn't be intimidated by this weak rebound. Stay firm in your conviction, flowers will bloom because of you, and tonight just confidently short the highs.