Big tech (NQ) is rock'n again with all-time highs from Facebook and Amazon today with Amazon about to reach a milestone level of 2500. Apple moving up and only 8 points from it's all-time high. What can I say ? The Street loves tech right now....despite the price levels and valuations
If B1 could call levels like that, MONTHS IN ADVANCE, he wouldn't even be here. And this is just a hobby for moi.
Zandty - It was an incredible call made over 4 months ago. Indeed, the market has turned back from that level several times. However, given this raging bull market, I'm afraid that level is going to be taken out as the ES market clearly has it's sights set on 3000.
It would appear so. That said, it was caveated with "there may be a few short spikes above". .........We're not going anywhere fast. In the up direction that is.
Certainly feels like once again the market may be changing character and leave out flirtations with the beloved $3000 unrequited. The next rally attempt will be the tell. Today was the day, imo, for a real run at the round figure - momentum and technicals on the side of the bulls and what a fail. The VZ top lives another day, perhaps another week .. another month? A year?