For weeks now, Yellen has used her witch-like powers to keep the /RTY from breaking its Fibonacci. The old biddy couldn’t do it anymore, and it finally – thank God – broke today. This is important.
We have now entered a new trading zone. I remain fully positioned short across six positions, and am sitting tight.
I suspect that, sometime this year, Tom Lee is going to discover a whole new meaning to “Power Bottom.”
