Prepare for higher interest rates, propping stocks up lets the FED redeem the Dec rate increase move. They lost a ton of credibility. The Fed doesn't raise when a "crisis" situations exists. But with SP 500 touching 50 day MA, yep lots of panic...
S$P above 1950....will wait for more upside and will surely add on more shorts....
I love how these chart guys wait for confirmation to start buying once the S$P is back above 1950...its almost makes it sound like there is unlimited upside going forward....the close above 1950 might bring more upside, but the S$P is headed back down, don't fall for the 1950 gimmick...sell all rallies possible...
So did you sell at the top?
138.5 blowout is timing signal.. Means more panic in store.
Slippery slope of cascade down .. Parabolic..