Laisezz, I have a friend that tried to constrain the market based on his emotions and beliefs in November 2016. He’s a CFA and “was” a portfolio manager in November 2016. He no longer is...
He still continues to trade based on emotion and sentiment of the crowd...he’s been trying to short this market during the entire covid crisis. I think he finally went long today.
Interesting, @wave. I'm sure he's not the only one and similar things could been said about many members on this board. I just can't see how this is anything but a big bubble, but I'm certainly not fighting it and try to keep my trading 100 % neutral and technical.
IOW your current position is... Long Sept (ESU20 ) @3049 Mental Stop @3060 Target @ undisclosed/unknown ???
Weekly uptrend appears to be in it's infancy here. I am going to ride it as long as it allows. If wrong, I'll get out.
I would not be surprised if this move goes at least to 4200. If wrong, I'll protect myself and get out.