Don't call it a comeback: SPX

SP:SPX   S&P 500 Index
Longer-term bullish uptrend still intact above 10SMA but may be due for a dip leading to a negative November close to relieve a lil overbot status. My model still indicating bullish close to 2014 but have been taking profits all the way up to 1960's (some a lil prematurely unfortunately). Will be looking to add back long positions closer to 1920-1900
Looks like I am the only one openly bullish on SPX/SPY on this social charting site.
I would say prematurely is not the right way to say it. You cant quite predict the future, and no indicator can. But taking profits sooner rather than later is not as bad - it could have been much worse and should you stay put, you would be much more mad at your exits. People have more emotions on losing than on winning. This is why it is taking profits vs avoid a further loss in my book. Taking profits happens more on an upbeat market, loss cut on the way down
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