...yes Hoop, risks are very high right now, but at this stage, would expect a substantial correction ONLY not the end of the current bull.
Based on current liquidity inflows into options, the market looks like having a 'GO' at another high above the *1700 mark.
Personally, my orders are to add more protection starting at *1725 and am approx. 50% in cash

Will start setting Cash to work again starting at *1530

Kind Regards