Congrats to 2021, as it just joined 2014 as the only two years in history to hit a new all-time high in all 12 months of the year. pic.twitter.com/qPASwEojYW— Ryan Detrick, CMT (@RyanDetrick) December 10, 2021
Actual Taper facts:— Larry Tentarelli, Blue Chip Daily (@LMT978) December 10, 2021
There has only been one Fed taper, ever -
Started 1/2/2014:$SPX = 1831.98
Ended 10/29/14:$SPX = 1982.30, +8.2% since the start of taper.
The largest drawdown, from the end of taper level, was -8.6%, on 2/11/16.$SPX went +45.9% after taper started. pic.twitter.com/CiFeAlGWrZ
ATH next: (1) Two-day consolidation for a complex corrective w-4, with w-5 in progress now; (2) a marginal ATH Mon. or Tues. would set the tone for a rough draft during & after FED meeting--I would bet a pump-&-dump to scare both bulls and bears, before the final resolution.
Another day of a bipolar market where the Nasdaq moved higher as more stocks broke down. $AAPL & $MSFT led indices higher while many smaller cap stocks struggled. Caution is still warranted for active investors. Net lows in the bottom panel. 👉https://t.co/XvGyQ4ZnDe pic.twitter.com/ZCWjRdv6kf— Matt Caruso, CFA, CMT (@Trader_mcaruso) December 10, 2021
Ive been told Im good at shorting and reversal trades.— kpak (@kpak82) December 10, 2021
Would I short (inverted $SPX) this if it was an intraday chart? I could give u at least 3 reason why I wouldnt.
And if youve had enough screentime, youd know, the next candle doesnt always follow-through. Still support. pic.twitter.com/U33VAhlGhs