The full post can be found here.
Trading a possible melt-up
April 14, 2021 at 16:15 PM EDT
Mid-week market update: Even as selected sentiment models and market internals scream for caution, the S&P 500 is on the verge of melting up as it tests overhead resistance as defined by a rising trend line. The melt-up condition would be confirmed if the index were to rally through the trend line, which it did on two other occasions in the past 12 months. In that case, the regular trading rulebook goes out the window.
The full post can be found here.
The full post can be found here.
