Everything is possible, but with all else equal we could be going up. RSI has been consolidating for over 65 days for a major move up/down. The only thing is kind of scary
right now is Covid -19 or lock downs to fight it. With out these two points it could be for the Bulls to get control here. It sounds unreasonable with overbought indicators and
over valued...
SPY looks to be forming a descending wedge. I will be watching closely for a break out of this wedge to go long.
Let's see how this plays out the next few days with potentially more stimulus being announced.
