This market has had every chance to sell off for the last week or two - yet it won't. It won't even retrace. Does that tell us anything? Or not?
I don't know much about that. And I start fearing I'll gain a reputation as a perma-bull now, which I'm not. But this market is going higher for now. We're up 365 % bottom to top. What's another 100 points? Just a measly 3,2 % or so. I'll rather risk missing the exact top and enter a short a litte late, instead of selling into strength on a rising market. Was there ever a top these years worth selling that didn't offer a second chance to enter short? I think not.
Yes. Both Trump trade wars put and Fed put are in-the-money. Market won't go down until these expire.
As I've always said, do whatever that will make you money. If you believe the market will head higher, then buy. Otherwise, sell. Why over-analyze? Why makes it so difficult?
Am not fundamentalist, don't have opinions they seldom ever correct, automation went short/hedged Indexes on Wednesday and stocks open profits got hedged. All cause of topping pattern of small breaks on dailies and H&S on 60 minute bars. I have lost count how many times this has been done in last 2.5 years, one reason it hedged cause have terrible profitable percentages of underlying, but overall it is just ok while waiting. Have lost excitement and despair so long ago, don't even remember decade when I gave a poop about direction, that's when you know you happy with one's method.