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You could be right, but I'm thinking it should provide a level...

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27/08/20

09:27

Post #: 46854766
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Originally posted by crosek: ↑

I've been saying this since July, I think many will be surprised. IMO the market's have not yet blown off top, once the DJI catches up to ATH, then we will start to see a blow off top. SPX could get to around 3800-4000 by then.

Meanwhile, short interest while falling is still high meaning it is actually the Bears who are running this up not the bulls IMO. That is the whole reason why it will continue higher, nobody believes in this rally.

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You could be right, but I'm thinking it should provide a level of strong resistance and could possibly trigger some profit taking. Which ever way it goes, hopefully it will give a trading opportunity.

XJO Value at posting: 6,116.4
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