As you know and can see in the graph (or attachment) below, the S&P 500 Index has soared in a record pace from Dec 24, 2018 to where it is today. In fact, the SP500 is now only about -1.5% below its "All-Time High". As all know, the Index will most likely have a heck of a time trying to cross above this threshold (which is more like the "front-line" in hand-to-hand combat between bulls and bears).
Once the Index gets closer to the All-Time High, crazy things happen and they happen fast. If the Index breaks above and holds for a week or so, the sky is the limit. But, if the SP500 fails at that price level, all hell may break loose and lots of "investors" could lose big money fast. Of course, the media pundits will tell us what is going on, but only after it happens !!!
I sure don't know what will happen in the very shout-term. My gut is telling me that the market is headed up from here, but "my gut" is not enough. And, regardless of what I think, I am depending upon MIPS to tell me what to do !!! You should be doing the same...
Good Trading...
Paul Distefano, PhD
CEO / Founder
MIPS Timing Systems, LLC
Houston, TX
281-251-MIPS(6477)
...
