SPY weekly.
Lots to like.
New all time high.
It can always pullback of course.
But this trader sees lots of wealth, ready to pounce on pullbacks and bargains.
Crash coming? Same logic: those with wealth will be ready.
Economy down? Nope. Despite Biden's unpopularity, the economy has done well during his tenure. Inflation is low. Growth is there. Jobs reports are up.
Bring on 2024. This trader would be happy for a pullback, or just keep on ''climbing the wall of worry.''
Best wishes in 2024.
Thank you, Cobra and all members.
Charts posted are not recommendations. They are just a sharing of information.