I had urged caution and patience in my last post on Sunday July 10th and forgot to change it from private to public. I'm trying to repost a screenshot here.
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Yes but still
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I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
Based on previous momentum, this is how things currently line up. Sorry its a bit messy but theres a bunch of lines for how we got to where we are. If I had one thing to highlight here, its simply, be patient. There's always more downside risk than upside until the market finds its next impetus. And there won't be a large correction unless there is a mass exodus out of all equities. We are a bit overvalued but that is okay as long as most people can accept that and procrastinate any profit taking -- which we still are -- in a state of greed before a reckoning everyone seems to know is coming but wants to make as much money before as possible.