Market looks like it will never go down, with Fed pumping massive liquidity and the congress will eventually pass a huge stimulative bill.
Market correctly in Dec 2018 bottomed just as the government shut down for 5 weeks. It correctly assumed eventually there would be a deal, and the pent up demand would correct the short term negatives.
Same today, market is not worried about impasse in congress, and they assume the money will be retroactive.
Bullish: all the moving averages are in solid uptrends, and shorter ones all above the next longer one.
Vix is making new lows for the rally since march, very bullish.
Bearish: super low options numbers, showing too much complacency, and the a/d numbers are not super strong lately, market very overbought but that can last for a long long time.
Bottom line: At what point do the bears like me just give in and cover for a big loss?
