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The Bears have had their way lately, and most predictions are telling us the sky is falling. Or will fall very soon. But something happened on the way to a correction. The market bounced back. Defying all metrics and forecasts, the market seems like it’s ready to try for new highs once again. Here’s the chart: ![]() The Bears want the market to pull back to the 200-day simple moving average. That’s the sensible thing to do, considering it’s so overbought. But the market is looking like it might have other ideas. On the sentiment side, it’s still not looking great. The Fear & Greed Index is down from 31 to 28. We’re barely staying in Fear territory. Extreme Fear could be right around the corner. ![]() After almost doubling since April, this stock has formed a sideways, tight channel. It’s now climbing toward an important resistance level. A break above $25.53 could lead to a massive move up to previous highs around $45. We’ll keep an eye on it. In the meantime, if the SPY continues to defy the experts and moves to all time highs… Here’s the BEST way to trade it TODAY (with an 81.2% win rate)! |
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