SPDR S&P 500 (SPY)

[DOLL HAIR]

It's sitting outside a 3+ year trendline with an RSI of 75 up over 14% in the last 5 weeks from the lows. It went from not only touching the bottom of the trendline (it created a new bottom) to coming up and smashing through the top of the trendline in weeks. I am not arguing that we are in a bull market and that we won't continue going up to 2100-2200 over the next year or whatever.... I am just saying this 5 week run is OVERDUE for a correction. It's absurd watching this manipulation night in and night out on the futures on such pathetic and controlled volume. The one thing I am happy with seeing is that every big candle over the past few days has been a red one, which leads me to believe this market is taking their short position as oddlot suggests and it's only a matter of time before it corrects slightly. Take it up overnight on light volume and sell into the soon to be bagholders who are relentlessly buying every dip.

But I don't think this bull market is done yet, it just needs to breathe and reset some. I haven't made much money in the market over the past few days because I'm sure as fk not buying this bloated pig here and having the rug pulled on me overnight. I keep shorting and making 25-200 $ a trade... as frustrating as it is. Soon, after the reset and dip I will be a bull if the circumstances are right.