About a week ago I did a post about posturing that the S&P 500 filling the price gap caused by the covid drop in February was inevitable.
Now that it has filled, the index is just one up day away from challenging all-time highs.
Bull Market Bro
As you can see, price has surpassed the gap so it's not just the little finger icon I have filling it on the chart anymore.
The index is about 60 points from all time highs, which can easily happen in a day. On the flip side we have seen 8 straight days of open to close positive days so a little profit taking before the run to highs is in order.
I'd love to say there will be an extended selloff, helping my short positions. However, like the sub title says...Bull Market Bro!
As i have been saying for quite a while, i don't see the market every coming down.
The stock market will be closed first.
Its final chart will show an all time high.
I like that we've both just submitted to the bulls and it is what it is haha.
Trading life, huh!
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Yep. Mercy please Mr. Market!
I guess we will see a correction in september
Fingers crossed! I'm getting REKT on my short.
Fingers crossed indeed!
Just checked the moves... yup its up marginally!
Hope it comes down using an escalator soon :)
Good luck mate!