you have claimed here for years to ignore fundamentals and trade ONLY the chart is most prudent.
here is the one chart observation I can find you make in this thread:
"The base we're at is artificially low and appears worse than it is."
what chart data element(s) supports this assertion?
SPX 60-min since before Oct 10 shows one version of a trading range -
Hiker, my personal specialty is investor psychology. I speak of the economic and psychological base that we're at. It's artificially low, in my view, based upon a confluence of cautionary reactions not a true and utter disappearance of demand and business.
Now, it COULD still turn into that, but my view is that the massive actions that are being undertaken have already begun reversing the "lock up". If I'm right, then we've got a TON of up side.
Now, technically, you don't need to think about such things as fundamentals. Look at the sentiment. Historically high levels of pessimism all over the place. The weekly trend turned a week ago. The daily is up and confirmed by breadth. The Relative VIX gave a repeat buy a week or two ago, too.
I'd say that if one isn't long (or looking long), one's looking at fundamentals instead of technicals and frankly, getting that wrong too (i.e. looking over one's shoulder instead of forward).
And, btw, I'm pretty sure we get a pullback this week, but I have no idea how to play for it.