I suspect my surviving bearish brethren are starting to feel like this, given the violent assault the bulls have committed in recent hours:
In particular, ES has evidently broken through its resistance, flying higher on yet another Fed-powered bull-gasm.
I say again: keep these rises in context. My view is that Powell and his cronies are unwittingly leading their bullish numbskulls into a dreadful trap. That gargantuan top is our most stalwart ally, and I am commencing the moment after I publish this post to examine my 60 items in the Bear Pen and see which of them are ripe for the picking.
It’s effortless to feign courage when everything is going your way. During trying moments like this, that’s what separates the bears from the cubs.
