The Dow tacked on 619 points yesterday, leaving many traders shaking their heads in disbelief. Shouldn’t we want to short into this insane show of strength, especially with so much technical evidence pointing to the onset of a bear market? As my current tout for the E-Mini S&Ps makes clear, this is exactly the sort of thinking that is driving the rally. Before you join the herd, check out the tout and the chart that accompanies it. We may not be able to outsmart the bear, but that doesn’t mean we have to offer ourselves up as its next meal.
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So true and very well said! Thank you.