I would not be advising traders to short the market this week.
This mornings strong upside triangle breakout in the S=P 500 confirms this.
Historically, this coming week is seasonally very bullish and moves that have come around this holiday
have been sharp to the upside, around the stars and stripes.
The unprecedented recovery from the pandemic here in the United States
has boosted mass psychology tremendously, with people getting back out,
and beginning to return to life the way it used to be, which is no small miracle in itself.
Although there has been significant technical deterioration
in the market in the last month, a close above SPX 4185 this week,
could give the bulls a chance to run the market back to all time highs by Memorial Day, May 31
To repeat, this is not the time to be caught short in this market.
THE_UNWIND
5/24/21
Woods Of Connecticut
This mornings strong upside triangle breakout in the S=P 500 confirms this.
Historically, this coming week is seasonally very bullish and moves that have come around this holiday
have been sharp to the upside, around the stars and stripes.
The unprecedented recovery from the pandemic here in the United States
has boosted mass psychology tremendously, with people getting back out,
and beginning to return to life the way it used to be, which is no small miracle in itself.
Although there has been significant technical deterioration
in the market in the last month, a close above SPX 4185 this week,
could give the bulls a chance to run the market back to all time highs by Memorial Day, May 31
To repeat, this is not the time to be caught short in this market.
THE_UNWIND
5/24/21
Woods Of Connecticut