NASDAQ Pulling The Market Higher
The Nasdaq Nov/Dec high may act like a magnet to pull the S&P500 price higher before generating a half cycle top.
Obviously, it goes without saying that no one should be selling short right here. I’ve been on record as saying that no one needs to short anything for the next 3-5 years.
We are transitioning into the bubble phase. Yes, there will be corrections along the way. But I guarantee you will not be able to outsmart the bull market. The only people that will make any long-term gains on the short side will have massive research departments finding sick companies that are going bankrupt. Retail traders with some charting software are not going to make money selling short.