that works out with the hns neckline break at 1112 spx,extending down to 1101,theres a small gap there at 1104.50 to 1105 .5 that may stall it , there is support in djt at 4343
would be very very suprised, although it would be a gift and a half if it did crash all the way down there!
Just for kicks and giggles. When we made that high in April, we rolled down to ~1040 cash and rallied to ~1130, which was about a 50% retracement of the down move. We even broke the 200 day to the upside, then we rolled down to 1010. We've now rallied to....you guessed it....new 50% retracement of the overall move. Now couple that with the fact that we're stalling annoyingly under the 200 day, and the giddiness I'm seeing here, and the fact that I'm mucho bullish. I think it might be wise to be cautious. Today will probably be sluggish due to the beige book being released @ 2pm. If Uncle Ben scares us again, it'll be an excuse to sell, and DEMTDAYBOYS can pick up the pieces tomorrow. If Uncle Ben sounds bullish and cherry, don't be afraid to jump on board for a green move.