Stock Market Never Going Down Again

[myminitrading]

Quote from Ivanovich:

Market doesn't seem to give a damn about anything but hitting the next record.

Really hummm time will tell.

 

[EqtTrdr]

Quote from myminitrading:

Really hummm time will tell.

the end is near....


:eek:

 

[myminitrading]

Quote from EqtTrdr:

the end is near....


:eek:

Markets tired thats all, our friend needs a rest.

 

[makloda]

Another dip, another chance to make $$$

 

[Landis82]

Quote from SiSePuede!:

So what's your position due to yesterday's close? Just curioius how TA reads this market now. Cheers.

Sold half of my long positions on the first surge up to 1523, as posted on a previous thread.

As I stated yesterday, this was the 9th day up in the pattern and at a critical juncture - - - especially without an SPX close above 1530.10

Sold more longs this morning on the 10AM pop.
Am essentially flat and will not play the long side until I see 1505.20 SPX successfully tested.

Below 1516.05 starts a minor correction.

 

[Landis82]

NOTE:

The 21-day MA has kept this entire rally intact ever since the thrust off the early March lows. The market has kept its uptrend intact ever since, and has never violated the 21-day MA.

Currently coming in at 1506.00