The SPY ETF hit its supporting trendline to the pixel and immediately reversed (the QQQ has already broken the same trendline). If we break this line tomorrow, it’s party time. Otherwise, the bounce continues. I’ve extracted a bunch of cash out of my account and shoved it into the pockets of my khaki shorts. That explains the bulge.
Of course, as good as my trading has been, I could never pretend to be as smart as the guys at Goldman Sachs.
