well, I'm bullish -- just a quick chart to emphasize my official change of position as $SPY manages to hold above this line. Hope it won't be too boring... and hope that this isn't one of those times when I'm the last one to become bullish and therefore its going to be bearish. But I think people have reorganized their portfolios and we're going up like we were before and markets forget there ever was a inflation scare. Sigh. Oh well, still plenty of trading days left this year.
Comment:
hmm... we might see $374 before we see $400.... hang in there markets!
Comment:
There might be another leg up on this rally, but instead of flooding myself with trades (which is tiring and honestly you don't have to catch every wave) I think I'm going to sit back and shuffle money around while the markets position themselves for the next movement.
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.