My opinion is that the market really has no reason to continue to go up.  And on a technical basis, it is really struggling to get over these levels.  Market didn't really react positively to the Greek bailout, unemployment is inching up again, and a large amount of earnings for Q4 were actually not that good.

I am going to hold onto my VXX June 18 Calls for the time being and see how this plays out.  If I am wrong, I will get out early.