Another squeeze yesterday on the bears and another ritual number close, but on the SPY this time, not the SPX. We closed at 666.84 on it, but I don't know if it means anything yet as the market just keeps going up and up and up with no pullbacks. After this week is over there's nothing bearish yet... meaning the month of October should start a very large rally that could hit 7400+ into November. Yeah, that's crazy but very possible... that's "if" we don't get a nasty drop this week.
I'm very puzzled as to why we haven't pulled back some already. But Martin Armstrong talked about capital coming to America from Europe due to them trying to get a war going with Russia, and when that happens they will lock down the banks so no money can leave. It seems like they have been pouring the money into the stock market now (according to Armstrong). Here's a video of him explaining it...
I thought we'd see some kind of nasty drop before these big move up that he's talking about, but if it doesn't happen this week then I don't think it will happen. It's super hard to figure this out as everything that I thought was going to happen just failed. The only thing left here it seems is some crazy unknown event like what Bo Polny thinks is coming. His video is below...
I don't have anything more to add that hasn't already been said already. It's this week for the pullback as time is running out for the bears. October is expected to be super bullish (yeah, that sounds crazy, but it is what it is).
Have an blessed day.
