%% I figure use moving average$ + lots of charts more than feelings Good qqq points Feeling fine .listening to feelin' fine/Booth Bros/3 million VideoViews. SH had some tradeable ''v''s , so its not just UP
i believe you man...right now i have 40% in cash in my 401k...about to put that dry powder to work man!
So it's been a full month now and this thing still can't have even the most basic pullback. It's pretty incredible. It tries to, but the V just forces it higher every time.
The market has been following its seasonal influence although stronger this year. Blue line = last 5 years. Red line= NQ/QQQ
Looks like this market has peaked, for now. It doesn't seem to go any higher even though bonds keep going higher & the dollar keeps dropping. Its the second day in a row of intraday selloffs. TLT is actually outperforming the SPY & QQQ the last 3 weeks.
We got some inflation, NFP and FOMC in the next two weeks, culminating on Wednesday the 13th. Maybe the X-Mas rally will actually occur predicated on Powell sending the right (dovish) message, current V notwithstanding.
bro....spy has been trending up since Oct. 2022 till as of now nov. 2023. that's a year of nice gains for the bulls that went long since that time. we shall see if this trend will continue. time will tell.
You must have the person I was responding to on block (or they blocked you), otherwise you would have seen the context and wouldn't have gone all v-shapeDTE0 there.