The incredible rise in the S+P 500 in 2019,
has now reached "epic" proportions as the year is drawing to a close.
The technical construction of a chart pattern
known as a final "blow off top" looks to be well underway
The S+P has spent the last 2 trading sessions above
the higher Bollinger Band,significant for the strength of this breakout rally,
but often a precursor to a potential sharp decline in the making.
Right now it is difficult to imagine the market falling back at all.
The bullish "breakout gaps" on the chart will ultimately need to be filled.
Bears have been killed off in such a massive way, that their kind is now nearing extinction.
Me myself, I continue to resist thinking about, or committing to the market at these levels
as the market is getting more expensive by the hour.
That doesn't seem to matter right now.
To be bullish here is obviously the only right way to think about the current state of the market.
Sentiment has reached a point to make the bearish case seem preposterous
Yet you will still find those,..
who think we are closer to the end of this massive bull cycle,
and will play the short side for all its worth, until the final break comes.
Important Point :The VIX has yet to make a new yearly low this month,
and is working on a "Triple Weekly Bottom" for 2019
Bulls will simply disregard these warnings,
and like lemmings continue to pile into the stock market no matter what.
And that reveals the real crux in the state of current market psychology.
We are in the midst of a extraordinary market event.
No one knows "when or if" this blow off cycle will finally end,
as the" bullish breakout" can not be validly questioned.
Thus there is still room in the balloon,
for anyone who wants to take a ride to the heavens, one way tickets only available.
THE_UNWIND
12/17/19
MOUNTAINS
NEW YORK
has now reached "epic" proportions as the year is drawing to a close.
The technical construction of a chart pattern
known as a final "blow off top" looks to be well underway
The S+P has spent the last 2 trading sessions above
the higher Bollinger Band,significant for the strength of this breakout rally,
but often a precursor to a potential sharp decline in the making.
Right now it is difficult to imagine the market falling back at all.
The bullish "breakout gaps" on the chart will ultimately need to be filled.
Bears have been killed off in such a massive way, that their kind is now nearing extinction.
Me myself, I continue to resist thinking about, or committing to the market at these levels
as the market is getting more expensive by the hour.
That doesn't seem to matter right now.
To be bullish here is obviously the only right way to think about the current state of the market.
Sentiment has reached a point to make the bearish case seem preposterous
Yet you will still find those,..
who think we are closer to the end of this massive bull cycle,
and will play the short side for all its worth, until the final break comes.
Important Point :The VIX has yet to make a new yearly low this month,
and is working on a "Triple Weekly Bottom" for 2019
Bulls will simply disregard these warnings,
and like lemmings continue to pile into the stock market no matter what.
And that reveals the real crux in the state of current market psychology.
We are in the midst of a extraordinary market event.
No one knows "when or if" this blow off cycle will finally end,
as the" bullish breakout" can not be validly questioned.
Thus there is still room in the balloon,
for anyone who wants to take a ride to the heavens, one way tickets only available.
THE_UNWIND
12/17/19
MOUNTAINS
NEW YORK