I agree but what to do? I think the same thing happened last year about this time when S&P 500 was at low of 2722, Fed came in and rescued,and then the low vol/algos dance started again. Then same thing in October when the Fed came in for “repo QE” and rinse/repeat.

This is not confirmed, but a minor bullish channel could be forming (red). This would be confirmed by a kick-back on its lower band, around 2885, which I find very likely since it intersects the support line at 2890.

Two weeks is a long time and a lot of money. I’m going to jump out and jump back when this run is over.
Bears are just about done. /ES blasted through 2882 resistance. /NQ is just 5% off of all-time highs and just blew through a bunch of major resistance levels (up another .5% to start Sunday). I’m getting some spy calls today. This isn’t stopping any time soon. 300 on SPY in inevitable. Randy might be right eventually, but he might be off by a few months on this one.

Thank you.

I tried a few. I think TradingView is better than TC2000 (real-time data and basic charting tools is 25 per month). Here is a little trick: investing.com is tradingview. You got a lot of nice features via investing.com for free. That is what I am doing. Good charting tools and you can save your charts. Plus the mobile app on my iphone is great. If you want to glance at a chart that you saved on the go…

I agree with Randy that there’s only so much that outside money can do. The market is too big to be influenced forever by rate cuts and free money for very long. Those are all short-term issues.
Everyone is making less money and spending less money. I talked to the owner of a local pizza company. I was thinking his business must have been booming because pizza places are some of the only food places open. He said he’s getting killed because most of his money comes from seated customers, not pickups/deliveries. Everyone is hurting financially.

Every chart analysis in every time frame except for one points to SPY going up at the beginning of next week. The only one that still shows SPY going down is the one Randy constantly points to – the weekly chart still shows SPY still under the long-term EMA. According to that, we’re still in a bear market. According to everything else, SPY will hit 300. /ES at night has been very predictive of SPY the next day. We should know by midnight tonight what Monday will look like.
For me, the scariest thing for bears is that a back test of the trendline from March lows would mean all-time high prices.