Retracement clearly over, and now 5 out of 7 of my panel of leading indicators are suggesting that more crazy upside on the S&P500 is on the way. Only the High Yield Bonds and the Russell2000 have not taken off - yet.
On the contrary, we can visibly tell that the S&P500 is being stretched. It obviously is.
Nonetheless, expecting further gravity defying up spikes, at least for the next two weeks or so ... tread carefully!
On the contrary, we can visibly tell that the S&P500 is being stretched. It obviously is.
Nonetheless, expecting further gravity defying up spikes, at least for the next two weeks or so ... tread carefully!
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