Also Bullish sentiment is hitting euphoric levels..remember there is a bullish bias in the first two days of a month, but that doesn't make this a bull market...
Truthfully, I would be happier if we were also at a major time node (see my tutorials) that would truly give a bearish reversal..but having both of the indexes, $NDX and $SPX hitting upper trendlines is a fairly good show-stopper...
2 comments:
Mark,
thanx, I have a small short position and am getting hurt but I think I am correct. Time will tell.
old john
Hi John,
Yes, it's a wild day..I'm holding on to a couple of shorts also..
Regards,
Mark L.
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