After making low at 1810 S&P starting 2016 market has rallied with no major correction.
After Trump election it started to move higher on TAX cuts plan hopes.
Last saturday the day has come : TAX cuts plan has passed in senat
SELL the NEWS on Monday has followthrough yesterday from new ATH. When indicators were waving RED all the way up: Divergences
This gives clear indication ... market has TOPPED OUT.
30% correction will just bring us back to 2016 lows filling small GAP above ... impossible ? We'll see.
Good Luck !
After Trump election it started to move higher on TAX cuts plan hopes.
Last saturday the day has come : TAX cuts plan has passed in senat
SELL the NEWS on Monday has followthrough yesterday from new ATH. When indicators were waving RED all the way up: Divergences
This gives clear indication ... market has TOPPED OUT.
30% correction will just bring us back to 2016 lows filling small GAP above ... impossible ? We'll see.
Good Luck !
Trade active:
If any was brave enough to keep short at play or reenter short below 2665 should now SET SL at ATH print : 2672 : and not risk any more loss from this short idea.
Good luck !
Good luck !