Top Strategist Calling More Upside to Go

However, SPX entered a ST correction mode by the close Tuesday, Sept 7.  ST let's see if SPX 4475 can hold ....................

Edited by redfoliage2, 08 September 2021 - 09:32 AM.

Is this "top strategist" Da Cheif by any chance?

If not, have you ever heard of any stock market strategist forecast a crash during the current month?

I don't recall a single "strategist" warning of 22.5% crash in SPX in March-April 2020.

Most brokers and fund managers will tell you to stay in the market and add more funds.

They very seldom tell you to cash out and buy back later.

Edited by pdx5, 08 September 2021 - 10:56 AM.

Is this "top strategist" Da Cheif by any chance?

I think if you can hold longs for many years like him you need no strategy.

BTW, I bet we may have to see SPX 4410 for this move ...........................

Edited by redfoliage2, 08 September 2021 - 11:01 AM.

Albeit the intra-day bounces we are likely to see a bigger gap-down within the next few days as the turning from the swing top has been confirmed ...........................

Edited by redfoliage2, 08 September 2021 - 01:16 PM.

Well, it looks that it's ECB's decision in early morning that turned the market around ........................

Edited by redfoliage2, 09 September 2021 - 08:50 AM.

The internals turned strong today, so expect the bounce to continue  .......................

BTW, I'd not be surprised if we see major indices to close the week in positive ...........................

The attempted bounce totally failed and the selling is likely to resume for lower lows......................

Edited by redfoliage2, 10 September 2021 - 09:42 AM.

If SPX 4475 support is lost by the close today I'd expect the 50 dma at 4425 to be tested next week ..........................