zytenthecruel

How Long do We Keep Going Higher For?

AMEX:SPY   SPDR S&P 500 ETF TRUST
We broke through a strong multi point bearish divergence in RSI (shown by arrow). Also, the MACD is going green and the blue started crossing through and back up(shown by other arrow). Arguably we are still overextended but now it looks like we are set for more upward movement. If this is the formation, or expanding of a bubble then how much longer are you going to stay in to try to make money, and when do we start to correct? Personally, I want to see a correction before I am fully bullish on the market over a longer time period. However, I am bullish for early next week. That being said, I will be watching things very closely and I believe anyone with money in the market now should be doing the same!

Best of luck, and note this is not financial advice.
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