InvestorsHub Logo
Followers 84
Posts 32220
Boards Moderated 85
Alias Born 03/22/2005

Re: bigworld post# 2019

Friday, 06/02/2023 10:33:17 AM

Friday, June 02, 2023 10:33:17 AM

Post# of 2588
We finally get a rally :o) For the S+P 500 the uptrend is now almost 8 months old (higher lows / higher highs), going back to the Oct '22 bottom. With the Fed ready to pause in June, it's looking pretty good for the uptrend to continue into the summer, but still lots of other landmines lurking.

Concerning shorting, I learned the basics in 'chart school', but have never attempted it with real money. Like options and futures, it's a highly specialized area. GL with the strategy though. Probably best to be nimble and opportunistic with it imo, since a longer term perma-short is a bet against the market's historic long term uptrend. Realistically, a big '4th Turning' unraveling is probably further off than we think.



---

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.