More are bearish, but I wonder now if this 2021 market is REALLY DIFFERENT and cannot be evaluated as markets of the past. Would not be surprised to see another rally to SPX 4400 minimum, then the BIG DROP.
One of my best weeks of 2021 ended with ES plunging in after hours... more later
"This past week, we broke below the 4190SPX support which increased our probability for seeing the 4000SPX region once again. However, it may not be a direct move down. In fact, there is still some potential within the market to still rally back up to the 4300SPX region before we head down to the 4000SPX region. I would add that the probabilities of rallying to the 4400SPX region before we see that 200-300 point decline have also diminished. While I am keeping an open mind regarding this potential based upon how the market develops over the coming week or so, I think the probabilities suggest that we will remain below 4310SPX, and re-test the 3950-4000SPX region before we begin the next phase of this bull market rally to the 4600+ region."
https://seekingalpha...the-bull-market