MacroVoices #384 Darius Dale: Blow-Off Top Coming Before Bears Get Validated
Macro Voices
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The S&P 500 Is Still in Bold Trend
The S&P 500 remains in bold trend. While certainly you can make the argument it is overbought, based on all technical metrics, this is still a very distinct bold trend. There is simply no technical evidence that this market has run out of momentum right now. I do think that a pullback is overdue, but again, shorting a very, very strong market doesn't make a lot of sense. But I am looking for a short entry at some point.
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