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[diogenes227]

From the link:

 

With SPY and the Nasdaq Composite both up for the seventh day in a row, the market is getting to be a lot like the Ever Ready Bunny. Or maybe, remember Timex watches? It take a lickin’ but keeps on tickin’. TV commercials, they are to keep consumers buying and keep on buying like it will never stop.

 

But with the market, the buying will stop…sometime. My guess it will be tomorrow, but I’ve been wrong for a couple of days now (long and wrong, at guessing).

 

For more discussion and a chart:

 

SPY - Ever ready, still going...

 

Good luck and good trading.

[diogenes227]

From the Link:

 

Since nothing has changed since I wrote the following paragraph on October 2nd, I’m just going to copy and past it here.

 

The stock market can do anything it wants for as long as it wants. So there is not much to say about the general market now except it is overbought, overextended, profitable and still going up.

 

 

SPY - going up until it doesn't...