SPY to extend gains in summer 2018

After a significant consolidation period rattled by trade rumors and geopolitical fears, market sentiment and optimism has increased solidified by the record low unemployment rate. All technical indicators are pointing upwards as SPY gears up to test all time highs in the coming months.
Comment: I have almost completely changed my mind regarding this prediction. I think we may be on the drink of a major market correction over the next 1-2 years. Decreasing market sentiment, unpredictable trade talks, China's massive market decline, much higher risk than reward in the market, etc are all major contributors. I think SPY might not see an all time high for the next few years. I think we will either start the next major correction now, or trade in a channel for a year-ish (similar to 2015 - late 2016), until we crack 40-60% off of January's all-time high.

Market sentiment is one of the most important indicators to use when trading. For example, there is no reason to be long on all positions right now due to decreasing market sentiment, and poor 1W technical indicators. Swing trading market sentiment can be very predictable and profitable, especially when combined with technical indicators. I am short the market, and think we might be in for a red summer. Either way, it will be very interesting to watch in the coming weeks.
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