Wednesday, September 02, 2020 9:41:45 AM
"Not Bearish At All"
http://www.pretzelcharts.com/
"Yesterday, cash officially captured my next near-term target of 3520-25... today it's going to launch higher right at the open. And when we look at the recent charts, we can immediately see what triggered this reaction:"
"Bigger picture, I still expect we're going to run higher to ultimately test the black trend line -- and here again, note the value of this "simple" chart. I first pointed this out when SPX broke out over blue, and it's done nothing but run higher since that breakout:"
"In conclusion, there's nothing much to add regarding the market. At some point we'll get a correction (presumably the market cannot run to infinity), but we'll just, as I've said for a while, have take that as it comes. For the bears, think of it this way: Even if there were to suddenly be a sharp turn lower, if it's going to go anywhere meaningful, we should have plenty of time to get on board. Trade safe."
http://www.pretzelcharts.com/
"Yesterday, cash officially captured my next near-term target of 3520-25... today it's going to launch higher right at the open. And when we look at the recent charts, we can immediately see what triggered this reaction:"
"Bigger picture, I still expect we're going to run higher to ultimately test the black trend line -- and here again, note the value of this "simple" chart. I first pointed this out when SPX broke out over blue, and it's done nothing but run higher since that breakout:"
"In conclusion, there's nothing much to add regarding the market. At some point we'll get a correction (presumably the market cannot run to infinity), but we'll just, as I've said for a while, have take that as it comes. For the bears, think of it this way: Even if there were to suddenly be a sharp turn lower, if it's going to go anywhere meaningful, we should have plenty of time to get on board. Trade safe."
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
