Haven't seen anything bearish yet. Those are my adjusted cash index levels ... I posted on the weekend that I expect SPX to trade inot that range by May Opex and I suspected I missed the pullback, and we see I have. I expect a retrace to start soon, within the next days to a couple or three weeks. Now that we are above that 2934, and if we close above it today and hold it tomorrow, then there is 100+ points of free air above immediately available and if it takes its time, a couple of hundred. That's my story and I'm sticking to it. I did screw up badly last week when one I used one wrong data point that led me to expect a further pullback. The pullback we got was the one I should have expected. Right now, though, nothing to be bearish about. NFLX looks like it is ready for a swing to test its recent high.
Possibly the best call I ever made. https://elitetrader.com/et/threads/es-journal-2019-2020.328086/page-1773#post-5055031
We need some surprisingly bad news just to inject a little volatility in this market. Straight the fuck up is boring
Its a fundamental play going into earnings. I've been waiting for it to have a good day. I was hoping it would make it north of $70, that's why I didn't take a complete position. Its a hold for now. Earnings are 5/6. https://elitetrader.com/et/threads/overlooked-short-play.343745/page-2#post-5080488