It would be a rarely bullish week if we don't touch Friday's high by week end, but they do happen once in a while (3 % of my long term sample).
To be clear - that's not a prediction. Market's are trending nicely higher for now and we all love a nice bear market rally.
5833 my sand in the line for changing my leaning to long... OK, it seems that there it goes. Edit: errr, or not...
Early shorts are sitting comfortable now... A 100 point day is nothing in this market. Watch for 5810 rejection.
Damn, that fake BO screwed me, I was shorting at around 5830 and being stopped out at BE Small loss on the first mini-pullback
It's in such slow motion, which usually triggers the V. Would need to see the VIX pickup. Otherwise it's the same thing as always. It's so damn hard for this to stay down. It wants to V everything all the time. Seriously, it needs more velocity. The slow bleed attempts at a selloff never work and you have trained dip buyers ready to step in.