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Out on this rip...you got to love volatility! We may go higher but I am not a believer until we have green bar close with volume.

I got long on this high volume up thrust after we filled the gap on SPX

Hmmm

Just poking fun as the Uber bulls did the same while us bears were busy shorting

We break this overnight low and gap fill inevitable. If that gap fill does not hold we see 2500’s

The tables have turned and now the bulls have become extremely quite.

Believe me I know it is strong but conditions have changed. You need strength in corporate america for the next leg up. Look at how many have flattened rev projections and earnings potential for the upcoming year. I said this before...why take the risk to squeeze an extra 10% out of this...

There is absolutely no reason economically or stock valuation wise for this market to make new all time highs. Back in 2007 the same scenario with the exception of lower national debt. 2019 and into election year will be horrible for stocks. I think it will be the tech sector that takes us...

And that is right at the 61.8% retracement from the 2818 to 2603 move. This will be interesting.

Covered remainder at 2757 anticipating a retracement now before next leg down to 2680’s gap.

Train in opposite direction now. If pattern repeats from 2007-2009, 2018-2020 will be worse even if we do not reach the lows from 2009. Look at home builder stocks and industrials right now if you still think economy is strumming along. Imagine what will happen to APPL, NFLX, GOOG, and AMZN...

Gap fill inevitable

I have reduced my short position at this level...expecting a retracement before we go after that gap fill. Been some nice trades off that 2816!!!

You will love it even better when we hit 2500 before EOY

Snow in Michigan as well

Man already talking about Santa coming to town...first we have to hit 2500 ;)

From what I see 2798 will act as short term support. If this holds I am expecting a test of overnight high at open and maybe pushing through that up to 50 day SMA on SPX. I don’t think they are done with squeezing shorts. I’ve lightened up my short here from 2816 for that reason and will try...

Love to see happen in one day but it will take some time.

I’m joking around as well. Best of luck on this move. Hope you are locking some in.

I am still in front of the train but plenty of trading ops to keep things even keeled and off my high horse like you! Your chest has expanded more than B1S2. See you at 2500 :)