The S+P 500 has been on a unencumbered tear since early Dec.2019,
all the while tagging the upper Bollinger Band in the day to day process,
with momentum to the upside gathering steam,
only increasing this past week, as price moved above the upper band
as the S+P, rise breaking record after record, closed on almost it's exact Weekly High,
You really can't get more bullish than this, with the" angle "of ascent only increasing daily now.
Soon,the market could shift into a straight up "parabolic rise", which ultimately would create an unsustainable advance.
The obvious concern here is how high is high enough, before the "lemming"s start to scatter in haste out of the market,
concerned about locking in their profits before its too late.
This incredible bull run, has recently not even offered the slightest bit of any kind of meaningful correction,
which is only making the dash to the top that more concerning.
The continuous absolute pile on to get in psyche indiscriminate buying especially in Fang stocks,
that I continue to believe that this will not end well
I mean how could it.. ?
If the last person has already sold the farm, and cashed in their chips for "investment in the market for the long term,
then we've got a whole other set of other considerations that must be ultimately dealt with.
Money trees to not grow to the sky forever. Many Bears have now turned into raging bulls and they're comfortable.
It will do you very well to remember that especially if you decide to leave the party
a bit early in the coming days/weeks ahead
Cash in your chips now while theres still time, and opportunity.
Probably the only bit of market advise I want to give you right now.
SPX Last 3329.62
THE_UNWIND
1/18/20
NEW YORK
all the while tagging the upper Bollinger Band in the day to day process,
with momentum to the upside gathering steam,
only increasing this past week, as price moved above the upper band
as the S+P, rise breaking record after record, closed on almost it's exact Weekly High,
You really can't get more bullish than this, with the" angle "of ascent only increasing daily now.
Soon,the market could shift into a straight up "parabolic rise", which ultimately would create an unsustainable advance.
The obvious concern here is how high is high enough, before the "lemming"s start to scatter in haste out of the market,
concerned about locking in their profits before its too late.
This incredible bull run, has recently not even offered the slightest bit of any kind of meaningful correction,
which is only making the dash to the top that more concerning.
The continuous absolute pile on to get in psyche indiscriminate buying especially in Fang stocks,
that I continue to believe that this will not end well
I mean how could it.. ?
If the last person has already sold the farm, and cashed in their chips for "investment in the market for the long term,
then we've got a whole other set of other considerations that must be ultimately dealt with.
Money trees to not grow to the sky forever. Many Bears have now turned into raging bulls and they're comfortable.
It will do you very well to remember that especially if you decide to leave the party
a bit early in the coming days/weeks ahead
Cash in your chips now while theres still time, and opportunity.
Probably the only bit of market advise I want to give you right now.
SPX Last 3329.62
THE_UNWIND
1/18/20
NEW YORK