Stocks  simply don’t want to give up this ride from the past 8 years. 

It can’t.

IT WON’T!

And that is because you have this massive long-term trend-line going back to February of last year that simply won’t break. 

Look, I would love for a pullback of at least 10% in this market. It needs it, but what I think it needs doesn’t matter when it comes to what the market wants. For now it continues to buy the dip. 

North Korea launching a missile over Japan didn’t matter

Hurricane Harvey has yet to matter.

The market doesn’t care. It is simply choosing to go up ‘just because!’

What are you going to do? Fight it? Demand it go back down? 

Nope, you can’t unless you don’t care about your capital. Until the market wants to sell-off, this trend line is what matters to the stock market and for now it is holding the line. Just be ready when it is ready to break it. 

spx long term trendline

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