AlexanderHamilton
Short

SPX to experience pull back.

TVC:SPX   S&P 500 Index
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7
Childish Gambino--Bonfire: "homegirl drop it like the NASDAQ." I'm not familiar with the girl who drops like an index during a market collapse but the S&P 500 is definitely long overdue for at the very least a major pullback. The market is incredibly over valued and tensions are escalating in Washington and around the world. A bull market is impossible to maintain especially considering the fight that will ensue over dereg policies and protectionism. SPX to test -50 level in %R and if successful in crossing -100 will show weakness in the SPX and initiate the inevitable pullback.

Comments

nice call... lets see if today was a sucker's rally. looks like a bear trap so far.
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