It's good to see you folks finally get bullish and not short the market, for a change. Maybe a major top is in making.
There will be a major top, but it's a little early to focus on it now. The mania is still on full force..............
If the tax bill passes the Congress (I see it a 90% likelihood) I expect another 5% upside for SPX and then a major top may be around Feb/March next year.........
Let's see if you will remain bullish until March. I doubt it though.
I'm a trader and I'm sure I will try to take opportunities on ST ups and downs. However, if for some unexpected factors the tax bill fails to pass, then we may be seeing the top.............
Edited by redfoliage2, 29 November 2017 - 11:42 AM.