I agree when everyone is bearish, it's usually better to go long. But I'm just gonna hold my breath for now. I figure we'll continue chopping tomorrw and likely drop on Friday. But considering this 1-hour chart, today might be the 5th chop. Hmm...
End of month, green week so far, daily trend up, +++. Maybe I'll miss the drop, but at this point it's still looking bullish to me. And even if we get a drop, you know what you like to say about the bears. SPX up 20 % on the year now. Some pulling back at some point would make sense. I still think we'll wait until next week.
As I was thinking about where SPX may go by year end I remembered this post I made by end of January this year. SPX hit 20 % up now. I especially like this quote: "20 % seems crazy, but that would be 5723."
Well, if this is going to break (whether it's tiiiiimberrrr or VVVVVVVV), it will be tomorrow or Friday (Central European Time)
What?? Why's it so bullish tonight?! Already up 25 points from the Globex open. Just where are all my pussy bear comrades?? Bunch of weaklings with fat heads. Completely useless.