Will be volatile between 21 and 23 until that Q2 data hits and slaps people in the face with a big dose of 'F&*K your V-shaped recovery' sometime July or August.
Whatever that moment ends up being, it'll finally chunk down below 21 and programmatic selling will kick in, roughly duplicating the mid March crash but down to ~16.
Now might be a good time to harvest some profits and prepare for a feeding frenzy.
Beautiful triple top setup thanks to today. No way it breaks through tomorrow. We'll drop to support bound, bounce into a decent shoulder and then early June it'll break and stay below support.
Absolutely, feelings don't matter, only data matters.
The more data points that confirm your hypothesis, the better and bigger your bet.
I basically dropped the DJI completely because SPX has way more action here and seems the better market barometer.
Here's my latest market crash update:
Follow for more :).