5 year Old Bull – Did We have an Alibaba Top?
How much longer can this bull market continue? Anyway you look at it, this is a time to be cautious. This is an old bull market and markets do not go up forever. With all the QE for ever this will be ending shortly. So what do you do? At this time it is prudent to be cautious. It is not a time to be on margin. Follow a complete trading plan and look to avoid big losses.
Currently we have 6 Distribution days on the QQQ and now 4 on the SP500. These are not positives for the market. In my own trading I am almost out of the market, however this can change on any day. Currently the Russel is in negative territory.