Ladies and gentlemen.
I present to you.
The Holy Grail of Bear Porn.
SPX just had:
βͺ A new all time high immediately followed by
βͺ 6 consecutive days of a lower daily midpoint
βͺ At least a -5% intraday drop
βͺ And then a +1.75% day
βͺ For only the 3rd time ever
Enjoy.
I called the bottom yesterday in real time- im calling a potential top here. Can we move slightly higher? yes, for sure... But odds favor a move back to 6900/6850 by Friday and certainly by Monday.
$SPX