This market has completely lost touch with reality. Based on long term p/e averages, it's at least 60% overvalued. The S&P is 12% above the 200 DMA, which is absurd. 10% above is almost unheard of. The spread between the upper and lower Bollinger bands is massive. It's usually not more than a few percent.
What they are doing is working. They are supporting the market. If you pay the banks to buy stocks the market goes up. Today the market is up again. JCP has a huge miss and they are upgrading the stock. They are telling you to go short SDS. As you have shared you will make money nearly every day.
whats your point? that the lower BB is at 1550. and the 200 is at 1475. both are real supports. so plenty of room for this pig to fall WHEN it does. WHEN we break the trend line (currently at 1625) from nov-curr, those targets will be reached quite quickly.
The market was just up 13 days in a row, which has to be nearly a record. The market literally does not go down anymore. Even in the dotcom era, the market had corrections. This has gone far beyond unreasonable. This is Twilight Zone. And the pundits don't seem to think there's anything wrong. One day they're predicting S&P 2000, the next day it's 2400. I hope the market drops 30% in one day and these fools lose all their money.