still not convinced yet. Does SPY accumulate near ATH all month long to have people position for the crash? I don't think so. I say we get another leg up....i'm still looking for that blow-off top.
Every sharp selloff on news has squeezed the shorts out. I think most have thrown in the towel. And I don't think anyone is calling for a crash. It's not binary either we go higher or we crash. I think we can pullback 3% to 5% here and rip to new highs by end of year. My number line sheet is garbage right now meaning all my stocks (2500) are falling apart at the seams.
How about this...2133...monthly A down in the ES. There is our bogey. Sixty handles from the highs or 3% pullback. Book em Dano!
BIS Triennial Survey data. I started another thread for this, posting here in case anyone on here misses it. https://www.bis.org/publ/rpfx16.htm
GPYJPY fast approaching monthly AUP @140.127 and my indicators are showing marginal strengthening of the YEN along with weakness starting to move into the GBP. Failed monthly AUP might be a good area to get in.
If you get good at intraday ACD trading NUGT/DUST, there is a ton of money to be made there right now.