Yes I know and agree there's a reasonable probability it will continue to hold that line, however something else to consider is the SPX hasn't broken through its downward trendline yet and above the 100d MA, so we still have a fair risk of a lower major bottom. Once she's through that and QPM has confirmed its up trend, then the probability of a sustained run is higher.
The Russian jawboning shenanigan's needs to resolve itself at a macro level, along with a less hawkish FED perspective. There's a bit of political and financial engineering occurring in the background adding to the uncertainty.
Green commodities are a great place to be longer term according to the DBC and FA macro picture, but that doesn't mean one should compromise entry parameters on individual stocks in the short term.
