I would look for cash to peak around 931-933 good odds for a 2%+- drop.
That is certainly depressing and the euphoria is obviously hard to ignore. If we are looking at another 10-15% pop, I am going to have to move some stuff around because being short now is painful
That being said, it seems like the next 2 days are quite critical and I am watching the bond market for clues. Crucial gaps might be closed today on the 10 year, plus other major indices. If we are going to have a normal retrace I would expect it to happen now, if we are going to descend into the 1930s...then yeah....