I am running out of ideas for what the market is doing. Here is my latest attempt. The S&P is under it main up channel from March and trying to get back in, but there is no volume and commitment to do so right now.
All my experience and research tells me that this thing is topping and ready for a correction. I really feel that this is just a massive corrective Wave B and what we are seeing now is just a FOMO top to it. However, I can also find clear evidence and analysis that says this thing can go to 4000-4300 by June (see my wave ideas).
The challenge is that I can find TA that supports both theories. What seems to be happening is the market is running purely on FOMO and MOMO and all fundamentals are not just out the window but blew away in the wind. The market looks like it may continue this slow drift up until some obvious news forces the market one way or the other.
Good luck traders. Hopefully you have made you bets one way or the other. I am still sitting out until I get a clear sign.
Maybe this???
All my experience and research tells me that this thing is topping and ready for a correction. I really feel that this is just a massive corrective Wave B and what we are seeing now is just a FOMO top to it. However, I can also find clear evidence and analysis that says this thing can go to 4000-4300 by June (see my wave ideas).
The challenge is that I can find TA that supports both theories. What seems to be happening is the market is running purely on FOMO and MOMO and all fundamentals are not just out the window but blew away in the wind. The market looks like it may continue this slow drift up until some obvious news forces the market one way or the other.
Good luck traders. Hopefully you have made you bets one way or the other. I am still sitting out until I get a clear sign.
Maybe this???
