SPY: Thrust forward, pull-back, thrust forward, pull-back...

10 thg 4, 2021

I'd consider a small pull back, and a climb towards 416, it will probably try three times in short succession...if it breaks resistance, we will probably see some retracing back to the most recent gaps, and then a less sharp progression to break 416 and move to next leg. Nothing earth shattering going to happen here, if things stay status quo...however status quo looks like the best tight rope walker on the ropes...he's good, but it's still a tightrope walk and not a sashay across a promenade-- the slightest bit of negative news can prompt a catalyst that will invariably lead to a jarring, more steep and sudden correction. Beyond that...Bullish. Bullish. Bullish.