We are currently hovering around fantasyland and the bulls can;t break the last high. Hope you bought some puts before the day ended today.
Look, I am no economist, but the QQQ flirting with all time highs same as the S&P with a downward series of highs for second peak.. Plus, with news articles (and jim cramer) screaming BUY BUY BUY that is a bubble to me and do not get caught with your pants down in the next big drop. Yes, I am overall bearish but would prefer to be bullish. Nobody has successfully...
Even with the gap up today, could not crack the previous high. Plus, convergence of trends. At minimum we could see a correction to 3030 in the next few days or after a flat day tomorrow. Calling no way this rally has more steam than we saw in the last few days. That drop on Thursday was real, and this is the final act of the bull market. If not 3030 this week...