Checking On The Spirits

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It’s clear from this morning that the bulls are still utterly in control of this market. There was a bit of red this morning, but that’s all been dispatched. I thus remain in “let’s wait until they get this out of their system” mode, principally by way of watching crypto. It’s perplexing, since Ethereum seems quite close to being done with its run……

……..whereas Bitcoin has PLENTY of room to go, if it wants.

If the bulls keep running with this market, it’s fairly clear sailing until about 4080 on the S&P 500 futures.