The problem is too many traders / investors let their psych get in the way. "Inflation is too high." "The Fed is blah blah blah". "Recession is coming." We have to be going lower - or retest at the least... Actually no we dont. This is why charts are king. They remove the rest of the nonsense.
No doubt. What's already "known" is already factored into the market. I actually created a few "market laws" which I talk about when I teach behavioral finance -- one of them is essentially this -- If you can't find a reason for the market to go up, then it has to go up.
Agreed. But we just crossed the 50% retracement, so technically, it's a great area to short. Maybe some traders want to see a short set up in what way a setup looks to them, but now that this uptrend is sooo obvious, it's generally the worst time to jump on board.
Shorted 50 Es at 4300 . You never see me post trades . It dilutes your credibility when you post this , this , this all the time .Watch and learn .