Many of us who see short opportunities, like we saw today, and in all fairness we reached the first lower target, but then the federal government, or the Bilderbergs, or whoever you want to call them, stepped in and crushed the market upwards.. So I'm willing to go out on a limb and predict the SPX will follow the path created by the NDX. It's not about technical analysis so much anymore... But I would like to point out that
for those who understand The Pivots... We now live in R2 to R5 land. Study the chart closely and see how they don't go from S4 to R4 and back down anymore,,, the R2 is the new S4... there is a huge space on the chart where some candles should be... the blank area created by the empty space between the S4 and the R2. Yes there will be some days when they sell, and we may actually have some bearish days before they get back to all time highs.. But what is the point of shorting into such strength? When is the point of standing in front of the 5000 lb Gorilla.
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