News comes in and obliterates my call for a red bar before jolly new highs.
The overnight new highs are not here yet, but the programs will be hard-pressed to not give it the 'ol heave-ho to look above to ferret out liquidity. That's the high odds bet.
Or is it? Can't a rational person handicap a test of these highs as high risk for a reversal? In the face of seemingly unending governmental buying sprees?
It's all so fluid that we just have to go with the flow...
Look above Failure = bad. Watch the hell out and go with to the downside.
Acceptance higher = It's all still a game, and let's party with them as long as the setup is decent.
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