The market is a jack-in-the-box right now
The whole market is a jack-in-the-box right now. Wound tighter and tighter, ready to explode. And anybody who tells you they know which way it pops is guessing. I do not guess. I read what is in front of me. So let me show you what I am looking at. Pull up SPY and QQQ, the funds that track the S&P 500 and the Nasdaq. They are running the exact same pattern. A big move higher, then a breath, and now they are coiling into a pennant. A pennant is just price squeezing closer and closer together into a point, like the shape of a little flag. The tighter it gets, the bigger the move when it finally lets go. That is the jack-in-the-box. It is winding up, and when it pops, it pops hard. READ MORE I cannot tell you the direction, and I am not going to pretend