What would it take for you to negate the bull case and turn bearish? And how about my prior comment suggesting a third alternative to bull and bear - namely range bound?
Monthly looks fairly range bound to me for the last 10 months: I don't see a clear trend on the weekly either:
Should be interesting to see where this day goes and where we closes. I suppose most would be expecting support at 4K, so maybe that's why we'll end up dropping right through. We're coming into some potential major support here, though, so I think I'd better not push my luck. Maybe I'll bail at 14 on a trail.
2 % down here and SPX below 4K with no reaction. That's a tell, IMO. Holding short here in case liquidity disappears. This is weak as hell at the moment.
Daily looks like a trainwreck now. Everyone who was bullish at the highs should be even more bullish here as this should be a bargain. Now, since this is a market that have players getting bullish at highs and bearish at lows, maybe it's time to start looking at the long side a bit more here after today's close. I think we can see a good flush below 4K here. There's just no real bid at the moment. 4K is the last chance for someone to step up. I'm not sure we'll see it.