Market is going higher

They could barely even push SPY below the 50 day SMA. Nice move up and consolidation on the hourly ending with a nice big up candle. Market is going to rip higher. Shorts....assume the position...bend over and grab your ankles. This is going to be painful for you.

Daily



Hourly

 

Yippee!

 

Check out how symmetrical the VIX spikes have been, will the next one line upon Feb 1?

 

Damn...ALL IN ALERT!!

 

A bit earlier.... I made $ selling into the recent spike. Rebought UVXY Friday aftermarket near 15.. I trade UVXY often, when it rips it's great.

 

Can you post a larger time frame on that chart? Say a 3Y?

 

You may be right.
As O'Brien says "If they can't knock the bottom out of it, they'll go try to knock the top out of it." Kramer's ready.

 

Ok RickshawMan Jr.

Sell signal!

 

Sell me some...will gladly take them.

 

I've seen this before in the last year where some names carry the index while the rest of the market undergoes a correction. Eventually they synchronize. Last time (obviously) the rest of the market went bullish. This time? I dunno, probably bullish. Same situation.