Perhaps, perhaps not. This monthly NQ chart looks very ominous.We won't know for several months. A return to 9000 would be gut wrenching to some. But that's were we where just last year.
Folks in case you have not noticed, the stock indexes are rigged to the upside. The days of bear markets are over, sure we may get a few down days. But that's about all your going to get
We have been moving sideways for the last two days. Accumulation for the next leg up. Expect nothing but positive comments from the fake news CNN, MSNBC.
Start building a position for the Sunday open. 90% of the time its a gap up on the 5pm cst open. Yes you will have an open position over the weekend. Chances of a comet hitting earth are very slim. That's the only thing that would knock the stock indexes lower.
Was shopping at Kroger's today in Dallas Tx. The sacker and the checker clerk were talking about tech stocks. The checker just opened a Robinhood account. Planned to quit his job as soon as he can build up his account.
We are at the point where people are afraid of missing out and they buy anywhere. With this mindset, the chances of a big correction are ZERO. Buy anywhere it matters not.