The market really needs to cut this recent nonsense out, or my bearish ways are going to get vanquished. We are mashed right up against a major Fibonacci resistance level on the SPY, following the mega-rally on Friday.
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The market really needs to cut this recent nonsense out, or my bearish ways are going to get vanquished. We are mashed right up against a major Fibonacci resistance level on the SPY, following the mega-rally on Friday.
And on the S&P 500 cash index, we have reached a descending trendline of resistance.
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Like Water For Chocolate?I tilt to the bearish side. Slope of Hope is not, and has never been, a provider of investment advice. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
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