Let me be clear. Nobody wants a rally more than me. Nobody. I would love to see another 1000 points tacked on to the Dow. I have a huge list of stocks that, if they can retrace, represent the shorting opportunity of a lifetime.
However, I'm wondering if today's rally is "feebing out" on us. I have closed my QQQQ and SPX calls for small profits. What I see is today's rally bumping up against some pretty big Fibonacci levels.
Again, if anything, I have a bullish bias right now. But I'm really wondering if there's any more juice left here.
