Do not be surprised if there is yet ANOTHER surprise in this nutty stampede.
Everyone is bearish, everyone says; "it has to go down now, right?!"
That's when it goes more up. Be real careful about backing up the truck for a full putload.
Gonna see some choppy days to be sure, but these damned rallies have a weird life of their own.
Not taking a position, not recommending to go long here; just caution against taking a big short, might be premature. GLTA
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ATH ATH ATH LOL
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Needs a sharp pullback to move higher. Got to ease the RSI to setup for the last push. Likely soon.
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NIce dip but the index probably will seek a bit lower before higher... can reach new ATH early in new year before seasonal weakness sets in mid-winter.
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So this dip is right on the projection and sure looks like a buy entry. Let's get confirmation.
Small correction may have bottomed here for a week. SPY 469/SPX 4705 might be the pullback to spark rally higher.
Fed minutes today. If they bull up it will rise again.
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This lovely dip may be the catalyst to start a final run for ATH. Do not be short.
Trade closed manually
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Out all longs. TL Broke, now we got a retracement to test TL; lower again soon more likely than much higher IMO.
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Astonishing how that chart filled in! Now the Fall...