So far so good, but I'm staying neutral because I'm not sure the path we'll take but between multiple time frames I'd say we're going towards $430 on SPY on Aug 6th.
Maybe I'm right, maybe I'm wrong, just know I'm cash and watching until we get some stronger signals.
Maybe I'm right, maybe I'm wrong, just know I'm cash and watching until we get some stronger signals.
Comment:
honestly, maybe we'll get lucky and dip tomorrow. Still an up in the air crap shoot with zero signals. But this market doesn't want to price in a taper until we hear about a taper. I don't know how violent that trade will get but if FED says September, then market will still be flying high as a kite at the end of august.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.