BLUF: This market has No comparisons, dynamics are in the stratosphere...this is 100% driven by the FED & Covid-19 Global Natural Disaster...you cannot/should not deny the eventual effects of this much "Fed liquidity" and "FrontRunning the Signature Management" of the underlying nature/expectations of Market-Makers! I think the odds are Higher for a pullback...Not a "Retest of the Lows," w/out this pullback this dynamic will continue to be a magnet on markets downward-consolidation...and Yes, they are pricing in everything from the future to the present!
UNK's:
-Covid-19 Macro (Increasing, Decreasing, Re-ignition level in the fall, If will continue to live among us)
-JOB's...Economy will take time to get back up to speed.
-Energy...Oil is going to be low for the next couple of years (OPEC+ is a joke...they will Not do the "Right Thing")...Effects = US Shale much needed thinned out thru bankrupcy & consolidation (M&A)...US Shale Oil gets the HIGH MARK for American Greed...You Reap what you Sow!
Plan = Process + Manage your Trade(s)...Find-Fix-Finish!
Strategy: Continue to raise Cash and Layer/Average in to Long Term Value into your portfolio...Speculation in this environment will burn you every single time...Heads on a Swivel/Bullshit is all around us...WallStreet, MainStreet, DC Incompetents...
Cheers...see you at Happy Hour Soon... Fookin Headshots Only...