The markets are six feet from the edge and down to One Last Breath. What do you think will happen? It is never the fall that hurts you, it is actually quite exhilarating on the way down, the problem is the sudden stop at the end if the chute doesn't open. Frankie is sharpening the knives in the backroom. Sammy is putting a fine edge on the scythe. The carnage should begin soon. Click. What was that? It sounds like someone is locking the back door of the stock exchange from the outside. Too bad the traders will not realize that until it is too late.
The Biden administration, Fed, Treasury's Yellen, or the vaccine crew, will need to provide happy talk overnight, otherwise, the stock market will top out in the morning. A negative news announcement would act as a catalyst for the downside. The SPX is at an all-time record high at 3915.77 and all-time record closing high at 3915.59.
Short at will. Who's Will? No, surely you know that means to short the market. Shirley who? Keybot the Quant remains long, and strongly long, so the conflict between the charts in the process of topping-out, but the quant long and strong, is interesting. They will converge at some point. If you are new to trading, or if you are not for that matter, realize that you are witnessing, in real-time, historic market activity this quarter that will likely be talked about for decades to come. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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