I seriously do not think the S&P 500 will hit 1,153 any time soon ... The market desperately needs a "healthy" correction to bring sky high stock prices down before the next leg up. Probably correct down to the vicinity 1,070 or so? I am not interested in the tech sector anymore, but the "laggard" sectors such as financial and energy ---> FAS and ERX!!!
LOOK AT THIS CHART.
IT IS why i'm calling P2 over but also why i say no rush yet to go short.
but also why i say long trades are not in the best interest now either.
WAIT FOR A BOUNCE around 1092 WHEN U GET LOWER high from that level THEN WILL be the safest time to short the market and pay special attention to 1083 ish area
REACTION and how it may act with a call back to 1092
all this expected no later than tomorrow.
so be patient and let the charts confirm OR DENY THIS CALL.
no long trades now AND NO need nore rush to go short YET.
Nice call. Oh wait, you made the same call last week. Oh wait, last month. Oh wait, two months ago.
Good thing you are just using Monopoly Money with your other buddies in the Happy Days Trailer Park.