It looks like 5200 is in the cards - but I dont think we see it until 4600 + / - .
We're likely to see a 7 - 10% reversion here shortly but I'd definitely be a buyer of that dip.
It is overbought - but it can stay overbought for some time. If you look back though over time you'll see these steep multi day / week / month...
Sit tight. Your opportunity is coming.
Think we see 4600'ish spx cash from here before making much more progress north.
I see the egos in this thread are still god tier :D
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Definitely a "Buy" and "Buy Higher ".
ESPN has bigger problems than two people. They need to quit pushing their bullshit narratives like every other cancerous Disney tied entity....
Both of these guys are morons at an elite level.
R:R is a bogus metric. Either you are trading with a statistical edge or you aren't. Many of my trades are 1:2 or worse. They are only losers...
As @Buy1Sell2 would say periodically - "there's no obvious reason to be short here". That time will come. Until then you're fighting the tide....
Who cares? Like an old bond trader I knew always used to ask people: "You wanna talk about markets or do you want to make money?" :D
Expert call as usual. Also... BTFD.
From Nov. 12 / '22. We almost there @Buy1Sell2 .... [IMG]
Oh it'll go down alright - just as soon as everyone goes from being short and losing their asses to trying to chase at the top. :) **EDIT: As...
Thats my projection. New ATH before a long period of back and forth.
Separate names with a comma.