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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 680.44+0.6%Dec 19 4:00 PM EST

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Hawkmoon
JMTrader
To: Cyrus who wrote (150839)11/22/2020 1:50:56 PM
From: GROUND ZERO™2 Recommendations  Read Replies (1) of 220476
 
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.

- - Sir John Templeton

Right now, almost everyone is bullish and "all in" on stocks...

This, along with the near record level unreleased selling pressure, just doesn't seem positive at the moment...

As always, this doesn't mean these markets can't continue higher, just that it seems more of a struggle without releasing some of that selling pressure which has been building since March...

Just sayin'...

GZ
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