About hedging at a possible top...

During the cycle, you almost never have the chance or time to hedge near a potential all-time high, especially because the "pump the weekend into Monday" timing fits perfectly.

Well, honestly, I don’t think there’s a cleaner setup than this.

And if we get stopped out... well, it means we’re going much higher. But the timing and seasonality are truly perfect — both for a clean short and for simply hedging spot holdings. That said, have a great week.