From the SPY board. This guys sell indicator hasnt been wrong yet. http://pragcap.com/
Yes, the technicals are showing an over-bought condition. However, that being said, the FED came out and did the unexpected. Until that news is factored into the markets, we could go much higher.We got a stochastic cross that was only good for a few trading hours. I'd wait for the next one to short again, and then be ready to close out quickly if it turned against me as the last one did.
Asia is trading down now. This market has come up too far too fast. We are bound to get hammered.
I'll be shorting soon. I don't know if we're quite there yet.
looks like the SKF shorters are about to storm the castle again!