If the indexes give back all there gains before the close, well that would spell trouble for my rally to new highs theory. If they close at there highs, that just reinforces the march to new highs.
Add that into the descending triangle and H&S chatter and naturally the market is breaking upwards. The Pain Trade is higher.
You forgot the part where if I go to get a coffee, it will swing down, hit my stops, and whipsaw back up. All before close. I will keep my coffee time a secret. That's my edge.
AMZN $2000, MSFT $100, AAPL $200, GOOGL, $1500, FB $200, INTC $75, XOM $100, JPM $125.. plus every other stock.. pick a number it's coming!!
So with more and more people piling on the long side, is the "who can the market hurt most" now the longs, prepare for a plummet of death? Hmmmm.... I seek y'alls opinions haha.
All risk free trades.....zero risk all reward all the time!!! What happens after those prices are reached....I guess $4000 for amazon and $350 for apple...msft to $197 and google to $2800 Guess there is no such thing as a fully valued company anymore!!!