We are at a very important point

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Whether S&P 500             can break the new high will be EXTREMELY important!
If it cannot, the market will go into a Fan Shape, which is a very negative signal.
Well, if you look the volume , you will find we don't have enough volume that can support this rally.
So I am bearish the overall market.
The crazy market will end soon.
I would just like to point out that the volume may look like we don't have enough but if you go into the daily volume #'s, the volume on 'UP' days is actually slightly higher now than earlier in the year (or at minimum on par), so we may dip as volume does come down a bit and normalizes, but I would hold off on turning bearish ... but again, who really knows.
Or it will be even more crazy. Problem with stock mkts is the central bankers presenc. They fck up everything, and I more and more tend to think there is a central manipulation, and real insider trading on these mkts. Demand and supply has been highly distorted by abnormal global QE, probably that's why technical setups can fade so quickly. Anyway, I am also looking for the reversal to sell it, but just because it is at ATH, it is not yet time to sell. It will be a strategic sell, when it reverses and breaks supports, until then it is just top hunting and lower risk/reward bet. (Btw I already have some bearish position too :-), but not yet all-in)
Would you say above 201.80 is a new high?
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