IMHO, SPX500 is very unlikely to go any higher until at least visiting the 2240-2250 range once.
註釋
OIL is looking good. I continued to accumulate oil and oil stocks lately. Oil has the power to move the general market these days as higher oil price and demand are seen as signs of a healthy economy. So if anything can save the market now, it has to be OIL. OIL right now has at least 3-4 weeks to run up so SPX500 will most likely either be slight up or sideways in the meantime. Wait for OIL to drop before shorting the general market.
註釋
The general market is getting weaker and weaker...Get ready. This week could be ugly.
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