Not sure but the FED has been holding the market up, IMO. Once they exit we will see some real blood. I have strong support right here at 1050. My target for this trade is 990 but I think long term(2-3 years if not more) the market is toast.
I think you hit it on the head with the fund managers. We still have some that think they missed the boat and are just now starting to jump into the market. Will probably see some more upside but hope not for this trade averaged 1.55 with my calls.
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