The Perfect Storm, Bee Careful Bears!!!
The SPY has maintained higher highs and higher lows on a weekly basis for like, 10 freakin weeks, AND, at the same time big-un-ones like MSFT, APPL, and countless others have take-n it up da wazzoo in the last couple weeks!!
So how can the SPY still be at or near ALL-Time -Highs, well Campers its simplier than you think? It’s what some would call rotation but it getz worse! Other sectors related to Oil, Financials, and Biotech that have come alive and help support the SP500 price!
That said, one can easily extrapolate that if the other sectors stay elevated or climb higher that would support higher prices, BUT, what if all the Big-uns find support and start climbing, Auhh-O, dat would lead too MUCH higher prices yes??
In summary, as scenario two on our Trend post we think that we’re in route for a visit with a BREAK-OUT of meaning that tags 2150 but more importantly I’m suggesting a move up to even 2200/2300 before da-Bottom falls out, Oh Booooooooy………………………………
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