Is the July rally getting exhausted or consolidating for the next run up?

Is the July rally getting exhausted or consolidating for the next run up?

  • We're Topping. 1240 SPX is the Max before a quick, hard flush

    Votes: 13 32.5%

  • I don't see a meanigfull concession yet: We could see 1260 by next week

    Votes: 27 67.5%
  • Total voters
    40
  • Poll closed .
So, if a stock rises on perceived bad news, what does that tell us?

when a news is not that good and investors consider it good news temporarily and drive the market higher,I consider that news as bad news to raise the flag, at least for myself. My experience shows that, the market adjusts itself and if the bad news is ignored for a longer period of time, the damage (future correction) to the market will be more severe.
 
Quote from QQQShort:
So, if a stock rises on perceived bad news, what does that tell us?
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Propensity to go up. Good point.

And that propensity to go up is based on a flow of good and bad news with the good outweighting the bad.
 
Hi longs.

This is from the saled urine as one of the folks called me in this thread:)
Do you still question the prediction of a well seasoned investor like me?:D
 
Quote from The Answer:

Somethings got to give!:confused:
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we been so flat in the currency market, trading in a painfully tight band, it's to cry for!

I suspect it's a major consolidation, building for a 10-cent+ (1000+points) one-way move.

Traders are just hanging around making sure there's no more room in the USD upward swing move before its cracks start showing prompting them to go to war on the dollar.

current E/$ 1.2021
 
By the way don't hold it against me if after 3 days, market rallies again. I told you at 3:17PM on Tuesday that market is good to short. I give you timely information and recommendation. Yes I also make wrong trades. Look at my picks to short. They are still good to short IMHO. To be safe, you can short QQQQ
 
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