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Message: Don't jinx it.

Don’t jinx it.

 SP continues to gap-up and at this point as we quietly watch the question is: when it will stop ?

 As we all know stocks do not go up day after day with the straight line.  I keep saying pullback needs to happen to consolidate recent gains .

 The good news is support levels  keep moving up also, so it is now at  $32 and $31. 

What a run we are having!  We can “blame” Feds, China/ independent US supply , War, etc.  Is something else going on we do not know?

 Regardless, MACD’s and RSI all are overbought and SP asking for healthy  consolidation , before resuming next leg up.

 Pavel, remember you were making fun when few weeks ago I said we are going to $34 but first we need to pullback to 26. (smile). I take a glass of pilsner . ;o)

March 3-rd :  “…SP can possible fall back to $26 but overall direction remains to $32 followed by $34."

 

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