Not my line in the sand
All the chart readers on twitter. Makes you wonder if that rule about the market ignoring consensus is about to trigger.
Here is Coolbiz from 45 minutes ago.
"SPX should not exceed 2595.32 (@2568 now) Or Int (A) is extending higher yet in Minor 1,2,3,4 & 5 (less likely to happen) need to be aware for trades."
Because last night after the close he posted this
"Intermediate (A) has likely ended as Minor A,B & C at 2595.32 as projected on Jan 7th. We should see a drop of 50%-61.8% for Int.(B) in coming weeks." His chart shows that B at around 2440.
And then we have the boy wonder saying somewhere a little bit higher billions of hedge fund money will suddenly decide to get long as buybacks kick in.
Makes you feel like a WW1 trench soldier after the artillery has stopped but the attack hasn't begun.