Perhaps you could read both sentences. That is the golden cross, not my trade. Go ahead and short a golden cross if you like, I'll wait that one out.
There are plenty of technicians in this market. The day of the cross, there's a strong chance for a big up move. I'm not suggesting a reversal due to the cross, but you shouldn't rule it out... esp with the fed dropping POMO on the market every other day.
I'm not saying that there may not be an up move, but it will have nothing to do with a golden cross. BTW, technicians died with the rice traders and patterns mean nothing to Blackrock, Goldman and Jim Simons.
Sure technicians are dead and the ES and $SPX never resist or bounce off 50-day MAs or 20-bar EMAs... traders who don't put them on their charts never see the price action resulting from them... those who do realize they are still quite relevant.
Sooooo... Let's hear it from the Kittens!!.. These markets are controlled and there's not a thing anyone can do about it.. "They" are proving it today.. Let's see.. September and October are usually the weakest periods of the year yet we have rallied non-stop since Sept 1. I wonder what November will do as it is usually a strong month. Simple... We have one leg left the whole system (confidence in) stands on and that is the Markets.. soooo the idea is to fatten that last leg as much as possible.. A LOT is at stake and they're not going to let any puny bears get in the way.. And actually, "they" are doing it for us all.. awesome..
are you ready you little bull bitches? ROOOOOOOOOOOOOOOOOOOOOOOOOOAAAAAAAAARRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR