The market keeps going higher though I’ve been waiting for a pullback for quite some time. I entered a few short positions last week, but all get stopped out within the day.
tomorrow, there is a high chance we will close in red, since market remain flat, but VIX get quite decent gain. This has been a very reliable pattern and let’s see how it plays out this time.
Also, we are in a extreme overbought level right now, the highest STO reading ever since the bear market. Good news for bear is that STO is heading down right now, another evidence I think market will close in red tomorrow.
in the midterm, I tend to believe bulls have more edge right now and this rally might not end till sep or Oct.
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