Facts in the marketplace can be as strange as Fiction ; the market is part art, part science -- it's complicated. This is more applicable the shorter the time frame. ...for investing, it's more somewhat rational and reasonable,
Targets are 2366 2333 2203 2112 All I am stating is i think SPX will touch 2333 before it trades over 2426. The 3 longer term targets will take time and other variables are still in play. My time frame is 2017 for them unless 2426 gets taken out.
Retail is heavily short here that is a FACT. That of course does not mean they are wrong. This is an absolute classic bear trap, all the hallmarks are present.
Post some evidence supporting your statement. How do you know it is unhedged ? Such as retail short spy hedged with spy calls ?
2112....GREAT album side one. Prophetic for its time. "We've taken care of everything The words you hear the songs you sing The pictures that give pleasure to your eyes It's one for all and all for one We work together common sons Never need to wonder how or why"