This was never a bull market, so many think it is, its far from it when its artificially pieced together as one! Many are looking for 1050 on the SPX I think the SPX declines below 1000. Long more ERY today!
THERE WILL BE MASSIVE SELLING ON THE CLOSE TODAY. ONLY A FOOL WOULD BE CAUGHT LONG GOLDMAN SACHS OVER THE WEEKEND.
Taking profits at this time is recommended. Markets are downside biased and this blip up is just a logical wave movement. 1020-1030 seems more appropriate area before a sideways or upwards movement.
I think what you meant to say is that your own downside bias is being totally ignored by the markets. Your initial hope for 1030 seems unlikely if we rally to 1240.