Next up, markets suffering worse days since March of 2020. Take profits and wait. These last 2 days have been a significant opportunity to sell.
Yer out of your mind. The only thing that will trigger a drop to cause a Level 1 breaker event will be Powell raising rates by 100+ basis points next Wednesday.
Since the 1st, I'm humming along around 50% of daily trade activity, turning off the rig about 9:30am pst. Next up is index futures rollover, quad witching, and end of year shenanigans. A lot, too much, of geo and political stuff to pay attention too as well. Enjoy the Holidays.
The 67th was Friday. If you look at time duration of the blue clusters, the 50's into the 60's, and the 80's into the 90's, the cluster we're currently in now could last the rest of the decade. Even better: 100 was the ceiling on the S&P500 at the end of the first cluster 1000 was the ceiling on the S&P500 at the end of the second cluster 10,000 could be the ceiling for the current cluster Don't be too bearish with the ai, robots, space travel, virtual reality land, etc. on the horizon.