The S&P 500 topped at 3481

Shrimp being counterintuitive in Summer I think.

 

R2k likely to follow NQ.

 

I think the NQ may make a new high - but ultimately it follows the Russell sideways to down.

 

I sense this week ends up green and above the average.

 

Considering there is only one day left this week saying we end up green statistically isn't rocket science.

 

Stopped out as I expected.

 

Top is here.
Short 4112
Stop 4212
Target -50%

 

How about oil has topped instead?

 

Oil is just getting going. It could fail at support of 5720, which would make 5250 a larger position long. XLE>XLK coming up. In a big way - don't let the past 3 weeks of action fool you. I see the NAS suffering alpha for the remainder of the year. Banks are poised to tear. No exposure in the NAS to banks or energy. XLB, XLI (Transports specifically- pick an airline - any airline, it doesn't matter), XLE, XLF. It also adds up to buy industrial metals. That's the read. Globally. Country by country. Currency by currency. Printed out, really nicely.

XLY will come along for the ride.

 

don't do it dude! You're burning money.
Markets are literally designed to go up. If we got some new mega covid virus or something then short, but for now, we should generally just go up 10 points per day on average until 5k or so