Melt-up before the big short?State Street SPDR S&P 500 ETFBATS:SPYbenjihyamGoing to update the prior idea that I had -- while I do think we're going to get the short that takes everyone out, I now do see how we can get a move to $800+ and the flows that are coming in options kind of support the view that we go higher. I exited my all of my longs on May 14th-15th (mainly NVDA and Mara) after being long since the late March lows and I'm now looking to reenter on a pullback instead of holding my puts and vol positions. $752 was the level I was looking to exit longs at. We hit $749 on March 14th and that was close enough for me to exit. Now that we've broken the $752 level, I still think we pullback before moving higher which is why I'm mainly in puts and cash here. I think the short move that I was looking for in the last post will just be a shallower pullback instead of the larger move (which will play out later). I think it's likely that if we do get the pullback here, that it could be a sharp one down to the lower supports at 704 or 687, then that will setup one final move up to the upper resistances. I'll be looking to exit my short positions there, and then flip long certain names for the final move higher. Going to use this chart as a guide going forward unless the support breaks at the lower 687 level. That will be the trigger that we're getting a much larger move down. In terms of timelines, I think we see a pullback over the next 1-3 weeks, then long roughly into July then I'll want to be in puts/vol going into August/ September timeframe. These are rough and I'll update as I see price action play out. Let's see what happens next.