SPX Rocket Ride: 4th wave and 5 of 5
It's Bullish. Seasonal correction then mad dash to ATH? Oversold > Overbought> Oversold > Overbought...
Not feeling real Bullish, just wary of Big Short here, might have much farther to run. Be careful, stay safe!
Not feeling real Bullish, just wary of Big Short here, might have much farther to run. Be careful, stay safe!
Note
Yeah, 4500 ATH. Missed it. Selling calls on SPY up here.Trade active
That brief modest sell on Thursday 8/26 was not 4th wave, lol. That is coming. Get ready! Selling calls.Trade active
Pullback imminent IMONote
Most ATH occur in September. Here we are... Fri PM may be the high water mark for near-term. Don't rush to short before the long holiday weekend IMO.Bearishness likely to return after Labor Day, often plays out seasonally so.
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