New to this forum, but it seems this is the place to post opinions or ideas on the market, this is my first one.
Market is math, once the market has accumulated a certain amount of positive ticks (or negative on a move down), the market CANNOT POSSIBLY continue higher, simple math, nothing to do with Covid, or the Fed, nothing, zip, nada. Pure math. As the accumulation of positive ticks gets to a certain level, MARKET NEEDS A RESET PERIOD END OF STORY. (btw this is why our strategies made 30% and 20% this week ONLY shorting). The market needs a reset, and machines will take the market to the next level down, the first level down was 3130 on ES (thats why I put target a bit above), and have no doubt, machines will take market to that level, no question.
Two days ago I posted on my twitter @momentum500 (my handle) that the daily up cycle was over, that market had no more business going up. ES wat 3124 (high was 3231.25) and target posted for my followers was 3144 (80 point swing hit this morning).