Reasons to be bullish

Put buying? Market rallies with increasing VIX are rare events but bullish.

 

The reason to be bullish was in the chart screw the fundamentals. The chart doesn't lie.. Now all you have to do is wait for confirmation to go short again, just don't go short just because you feel bearish. LOOK AT THE CHART LOOK AT THE CHART...

 

What level do traders see as a firm area to reverse from?

 

Be bullish, the market has been going up for 3 months.

 

Very important area here, very important. Will set the tone for the coming weeks.

http://elitetrader.com/vb/showthread.php?threadid=170915

 

I like simplicity.

Given the fundamental condition of the economy, is cash dedicated to the long side of the markets now better late or never?

 

Here's the low down...

http://www.zerohedge.com/article/other-plunge-protection-team-122017-december-spy-95-puts

 

You're making the assumption that entering the market right now is late.

 

Well there is some resistance at 1007 area or so, but that's not the main thing to worry about.. Look for funny price action example: Huge Vol on up move, false break out from consolidation, double top with big red bars, etc..

No one said trading was easy LOL

 

Currently the best bet is to go long. There are going to be corrections on the way but history is on the bull's side. Buy any dip.

A dip is a 7% decline in the S&P from the high.

Sell when a Republicon becomes a president.