Posted 23 August 2016 - 04:11 PM
They are standing in front of a heifer and literally don't know what to do. A pathetic advance. You hang around the highs for weeks and weeks and weeks on end.......and come right back to them after every single selloff and........finally break them and what do you do? For over a month's worth of trading days you average less than TWO.....yes TWO.....points a day after the big breakout. Really?
I haven't changed any of my expectations except as it relates to price. The way this is going they might not even break 2000!
Uh, was in a hurry and didn't edit very well. I meant.....they might not even break 2200.
High level consolidations take place to frustrate both sides of the trade while the internals ease off their imbalances.
Plus it's August so not much in the way of commitments.
Patience on SPX 2200...I would say we'll be above it by Friday.
Fib
P.S. for Alex...it's not distribution...small caps don't lag...they lead on the promise of cheaper money yet to come.
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