only a matter of time (maybe just days) before mkt breakout after a year of consolidation. once it happens we may not look back for a long while and the bears will continue getting the same as the past 7 years (think secular bull and not even 8 yrs old!). the us markets prove to be the greatest place to invest and greatest place period . at this point still very comfortable holding for the long haul. good luck to all trading this bull
I am looking for weakness where strength is expected. I think strength would be expected here. A consolidation around the all time highs yet again. The more you hang around, the more likely you exceed said highs. But ... But... If it fails outright or blips above without sustained action above, look out below.
so far looking like sell in may isn't going to work for the 8th straight year. look out above :) still believe we'll see many more new highs than just one :) we'll neever in our lifetime see a stronger secular bull market than this one.
11 comments:
There is a very steep channel in play from today that could actually reach 2134 SPX tomorrow and 2154 on Friday.
Now that would be something.
Getting crazy overbought again, we're close.
only a matter of time (maybe just days) before mkt breakout after a year of consolidation. once it happens we may not look back for a long while and the bears will continue getting the same as the past 7 years (think secular bull and not even 8 yrs old!). the us markets prove to be the greatest place to invest and greatest place period . at this point still very comfortable holding for the long haul. good luck to all trading this bull
Sub-$10 UVXY a lock now. The humanity!
I am looking for weakness where strength is expected. I think strength would be expected here. A consolidation around the all time highs yet again. The more you hang around, the more likely you exceed said highs. But ... But... If it fails outright or blips above without sustained action above, look out below.
Would love to see a major reversal candle tomorrow. Jobs. June. Friday. Just past turn of month.
Did equities crash? Is UVXY up 30%?
Treasuries acting very much like they did in November-December
so far looking like sell in may isn't going to work for the 8th straight year. look out above :) still believe we'll see many more new highs than just one :) we'll neever in our lifetime see a stronger secular bull market than this one.
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