AndreaGrey

The Recession is over???

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
The news out today is that we are officially out of a bear market having closed the day positive above the longterm bull market trendline (see the arrow on the chart). I will not get into the details about this and/or discuss whether or not this is true. However, one fact remains and that is we are entering one of the most pivotal moments in the stock market since the beginning of this downturn. Right now many are ready to jump into the market and make it big expecting to see a large profit on stocks that return to previous levels seen at the beginning of this year. The moment of truth has arrived. Judge for yourself how things will go but keep in mind that the stakes are really high.

Good luck with your trading,
Andrea

Comments

On the post it says short but commentary and title makes me think you are long? Or longish?

What’s your overall bias?
Reply
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