After a week of dithering around, the bulls have finally grabbed the baton and are rushing down the track. At this point, it seems that the long-cited target of 3900 (more precisely, 3906) on the /ES is on the horizon:

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The Nasdaq is similarly making a run for its former failure point:

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As for my own portfolio, I have gone shrieking off in the opposite direction:

1. Trimmed positions from 39 to 30;
2. Raised cash from 0% to 26%;
3. Got rid of my final September option, which means nothing expires before October 21, 2022
4. Back to “wait and see” mode for new opportunities, since I think I’m going to step aside for this bounce.