Well, folks, the market really needs to cut this nonsense out, or my bearish ways or going to get vanquished. We are mashed right up against a major Fibonacci resistance level on the SPY, following the mega-rally on Friday.
And on the S&P 500 cash index, we have reached a descending trendline of resistance.
Between myself and our lovely outside contributors, the past week held together pretty well on Slope. I’m going to be getting back to my home late Saturday morning, so I should be able to crank out some posts shortly thereafter.