Wow, there is a trading mentality that when a stock breaches its new highs and stays up, it is very bullish because it is in uncharted territory not seen previously. Bulls have won the bears at critical long resistance
We havent seen this level since the dot come days. This is even higher than the highs preceding the GFC.
The S&P500 is not as ridiculous but the way the price moves it seems the momentum is likely to take it past to 1550.
Now I wonder what would happen if it hits 1550 breaks the trend line and heads down?
What would happen if it heads up and stays up? New Paradigm?
Have you gotten ready your investment plans for both scenario?
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