Man, we have too many permabulls here. We need a contrarian. We haven't had a real stinky bear (in a good sense) since @ammo left this place and went into hibernation. So you're a perfect fit. I say you should reconsider. Like I said, grow some manly balls. It would be good for everyone.
Nice fellow but one staunchy bear. I think it was him who taught me the real lesson on never getting fixated on market direction.
ES, for the most part, hardly ever moves after the NYSE closes, but as you can see they still wanted to push her up even higher. This tells me tomorrow's CPI is a foregone conclusion. We're going up tomorrow.
The speed at which we have shot up, the RSI on the 1 and 4 hourly is high, we are approaching a major fib level, we are approaching a major trend line, we are in a bear market, bulls have been burnt way too many times so could (should) have weak hands, the overall trend is down, we are approaching some earnings which I cant imagine will be positive or have a positive outlook for the future, inflation is sky high and there are factors that could drive it higher prompting aggressive measures from the fed again.
Thanks for sharing. My view remains that momentum and breadth are too strong for much else to matter. And this finally fell in line today: