If you don't think that people are starting to quietly build short positions you're kidding yourself.
Right. But it does tell us how many 'players' are in the market. If market participation is scarce, I personally tend to put less faith in what the breadth indicators are saying. cheers,
Yours is not an unreasonable position, however, the volume of the last 45 days has not been unusual in one direction or another and breadth has deteriorated. Note the thread title. Nothing written in stone. Just a reasoned outlook based on historical data.
One thing that could cap this rally is rising oil prices. Oil is back above $59 now in after hours trading. Tomorrow's EIA Petroleum Status Report could send it above $60 if the inventories are low.
typical lithium capital...making a bold prediction that the S&P will rise 10 more points after it has already risen 90.
====================== ''Incredibly stale 3 month old 'the S&P has topped this week'' Hard to go wrong for long calling tops in an uptrend, cause there are so many tops in an uptrend; but some sectors havent done anything but downtrend most of year.
Oil is coming back up while temperatures are returning to normal but it will probably stabilize around $60/$61 because I think we're about to witness signs of economic weakness, which would contribute to capping the rally.
What I find most humorous is the fact that he will always postulate the "sure thing bet" after an expansive move and EVEN THEN he will often become the inflection point.
Investor sentiment just peaked at 100% bullish. Everybody wishing for a new breakout bull during traditional strength. The market just floated this am before moving up. No selling. Well, OK but a "new bull market." We'll see about that.
Yes! well said jackbyrd. I only wish that lithium would be specific for once in his life and say "I am buying here!". That's when i'm selling, it never fails. After a lithium moonshot prediction, the S&P always tanks 50 points.