I am not expecting a break of range until we see how everything handles the FED. So 215.75 support & 217.37 ATH should be range bound, crude getting real interesting here, but don’t want to be that guy trying a swing $2 from psychological $40 level. Best to wait.
The market open is NOT when I'm anxiously looking to buy but rather to observe stocks I'm already holding, to protect or add.
Pullback is obvious (that makes shorting a nervous trade), Crash predictions everywhere (That makes bull excited, bigger squeeze)
According to experts on this stream, Market was going to be ugly today. Devastation to all bulls....Hmmmm. What happened?
I sort of get a feeling that if BOE doesn't cut interest rates - we will see a pullback in precious and base metals and their stocks $SPY
This rally isn't different than any others of the past. Will go down to test the breakout area around 2100 in the near future.
Longs simply going with the trend. Shorts guessing tops based on their own opinions as to what they think markets should do.