One other thing..assuming you're correct: "No technical damage to the bullside yet, not even close" It follows that they could slam daytraders here or weak swingtraders w/o putting a dent in bullish sentiment. I'm a daytrader so that bothers me.
Could we use AAPL as a barometer of things to come? They have been weak for the past month. 1 Month Chart - AAPL compared to the S&P500
PE is irrelevant, just a bunch of noise. AAPL at one time was a market leader, now they are faltering. Perhaps AAPL is the canary in the coal mine.
That selloff found aggressive buyers before price could even test the previous breakout level (1806-ish). That's bullish price action. The past 2 days are simply narrow range consolidation at highs. Nothing to worry the bulls at all...yet.
I asked Nod to make non-hindsight forecasts, and she never did so far. Now what we have a post from her about future price action, we will see how she will do. Let us keep this is a record. SPY at 184.94: Nod is bullish.
NoD linked TJ to a day of actual live trades called in real time including support levels and stop loss levels called in advance, and he didn't even click on the link to confirm it was true. His response was: I felt badly for him, figuring he might be suffering from some sort of brain damage.* Now, my concern has been confirmed, as he has taken my statement that narrow range consolidation at highs is bullish price action to be a prediction about future price action. If he'd ever (and it's clear he never) read anything about my price action trading methods, he'd know that I would in no way be looking for a long entry on SPY until price broke the previous high with conviction, pulled back to (or near) the breakout level and turned back in the direction of the breakout. * There is one other explanation besides brain damage for the nature of his responses: He's a politician.