ES momentum trendline sloping down as ES hits new highs.

I said .... "But point me to where you say feds pay both regular benefits and the kicker."

 

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I haven had time to check momo + seldom do;
but PSAR did hit a sell signal yesterday. It stopped + reversed to a buy today/4 hour chart spxl.
BUT SPY never did that like spxl did........................................................

 

Price went down, as I guess you are saying, but price also put in a higher high and a higher low.

 

I agree with your assessment...
HH + HL. HH was historic all-time high. Volume noticeably increased.

And today...
HH + HL. HH was historic all-time closing high. Volume remains elevated.

 

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MOmo gets a signal so,so early, i seldom weight it much, but SPXL+UPRO went up so good past 3 month. Good time to take profits. Or let profits ride if super aggressive or investor.
Actually \ its a reasonable high probability trade, spxl, UPRO,SPY goes down Monday.
NOT a prediction+ not stopping reading Dr Suess sometimes.
3:07 CST, Friday.

 

and Europe index futures like
dax, CAC40, omxs30 ....

continue to break the record high.

 

Are you expecting a rapid spike upwards in the near future?

Other traders can also chime in here, lol.

Seems to me like it's a distinct possibility. Perhaps the market is biding its time until the time when Biden's infrastructure plan passes. And then it's off to the moon (perhaps).

 

Last time I checked we passed the moon some time ago.

 

You may be right, but I'm thinking perhaps not.

 

Oh don't get me wrong. We could go much higher yet.

I don't believe so based on my study but time will tell.