Crash callers were all over my screens at 6AM… “did you see China”… “did you see China”…
Yep – I was up for a few hours at that point, and guess what… a lot of people see China. Lots of people live there.
If you’re looking for negatives, I can assure you that you will find them. If you are looking for positives for anything priced in US Dollars, just watch the Buck Burn. As the US Dollar reversed today, so did all of the hope of the bears that their dreams of calling a crash anytime soon would come true.
At my 999 immediate term TRADE level of resistance, the SP500 is only -1.2% off of her YTD high. It’s not a crash; it’s called a correction. I’m a better buyer lower. If you show me green bananas, I’ll sell them short to you at 999. That said, a close above 999 puts higher-highs back in play.
Keith R. McCullough
Chief Executive Officer