A whole lot of nothing yesterday as the market still hasn't decided to make the next move. It's clearly waiting on something... probably the government shutdown news. I'm only leaning toward a quick pullback to the 640.44 FP on the SPY at this point, and then another big squeeze up in the market.
Another video I found is also talking about the possible injection of QE coming into the market soon. That video is below...
That's 2 different people talking about QE coming soon, and then we still have money coming into the market from oversea due to fear of a war and having their accounts frozen by the government. It's just looking more and more like we will chop this week to form a base before the next big squeeze higher.
We'll be lucky to get any good pullback to get long at from the looks of it. But with some events this week that could rattle the market we might still get a big one day drop of a few hundred points... who knows for sure? The big problem is that we don't know "when" this QE is going to be put into the market. Just like I said yesterday, they could put the money into the market to prevent any large decline, or let it tank big first and then put the QE at the bottom. Very hard to figure out here.
Have an blessed day.
