LOL..... The same reasons over and over why the market "SHOULD" go down.... For me the bottom line is this - It has been 28 days since my last buy signal, and the trend remains up. Hold long positions until we get the VXX buy signal.....
I trade the trend. I trade what is happening not what I think will happen. A VXX buy signal "LOOKS" to be very close now, but I will wait for the signal.
Totally agree, easier to flip when it turns. The problem with the bulls is when we start talking about rationality in the market they automatically think were bears lol!!
I use to look over data for hours and place bets on the markets next move. Now I just wait for the move even if I get whipsawed. I'm trying to catch the big moves up (weeks) and avoid the big moves down. My data indicates we are within days of a pullback, but I'm not going to buy the VXX until it happens. A simple 10 DMA on a daily chart is good enough for me. I'm retired and the gains are more then I need. (Delta and Gamma indicate the SPX is overbought too) I wait as the trend remains up. However, I agree the SPX/SPY looks very weak, and "LOOKS" like its topping.... I trade what is happening not what I think will happen.... Bottom Line - The trend remains up!
Edited by robo, 19 November 2019 - 10:32 AM.