Closing Brief - No love for the bears

Just another day in market land, with a few of the indexes making all time historic highs. It is somewhat bizarre to notice so many out there touting a turn. There is NO turn. There is no stopping this market. Primary trend is relentlessly higher into the late spring.


sp'60min

Summary

Indeed, its getting laughable to see so many out there posting bearish charts, not least those with targets in the low 1300s..or even lower.

Sorry, but that's nonsense.

How can anyone have the audacity to suggest a turn, whilst the indexes are merely cruising higher..and putting in new historic highs..day after day?

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Baring a major change..we're set for sp'1800s by year end.

*That's assuming the Fed continue their POMO program. If that's pulled later this year..then...the game changes.