He's giving out only $20's.....should be $100's. This is an omen for the bulls...only small profits remain in this market.
maybe we need to get at least certain selling pressure such as another two consecutive daily bear bars or a big daily bear bar before saying only small profits remaining in this up move?
From a recent edition of Bloomberg Businessweek magazine....re: trade talks: "What began as a well-plotted strategy to force China to an even playing field for U.S. Exporters and investors has devolved into an improvised approach with modest goals."
Should be an interesting week ahead of us. My weekly model strongly indicates we'll print new ATHs in the coming week, but also indicates limited upside and a positive close not much above Friday's Close (3146) with a slight chance we'll dip slightly into the red. That's the technical picture. The FOMC decision, various economic data and others stuff going on in Europe may of course trump this.
A 3 point dip in ES is considered a strong buy. A 5 point dip is considered a super duper strong buy.