@blu5rose@Reformed_Trader@DeepInference There’s no way he was saying June 3 was a forever top. But that interpretation is the root cause behind a lot of the confusion in what people make of his projections.
@StonkChris Oh I'm not saying it didn't play out. I guess I was more wondering if this pullback to $35 again is buyable again (I think I missed when it tagged $35 earlier).
@WuffettBarken@Norseman1 I would agree it's obvious we're in a bull market, but there's an awful lot of people on FinX who draw lots of eyeballs claiming otherwise.
@WuffettBarken@Norseman1 I think the point is that new highs = bull market which means you buy the correction as opposed to in a bear market where you don’t.
@1769_alex I think we still have way too much breadth to be late cycle, at least on the higher timeframes. This thrust might be growing old however (aka potential for a Q3 pullback/mini correction).
@DeepInference $IWM hit ATHs this week. Does that count? I think the S&P 600 and NYSE composite did as well. Continuing the trend since Fall of 2025 of the market carrying the megacaps rather than vice versa.
@DeepInference My big question then would be whether June/July just retraces some of April/May, and if that happens again when Late September/October just retraces some of the August/early September rally. Because that would still be upwards, albeit with big chops.
@DeepInference Seems like a theme until we get past the midterms. July = yuck. August we might get some relief but then October is this. And I have it on good authority September is questionable too (https://t.co/yRwr3429SV)