I’d wager that the majority of retail traders chose to listen to the onslaught of bearish siren calls peddled in the MSM over the past two months, once again causing them to miss out on yet another massive push to the upside As we’ve now advanced all the way into new all time highs you may wonder if at least an obligatory shake out may be in sight. Let’s see what my market momentum charts have to say about it.

We’ve reached the end of September plus it’s a Monday, so let’s talk some stats. First up big props to Rob Hanna over at QuantifiableEdges whose SPX stats properly pinned week #39 with high odds of closing in the red – which it did. My own most humble SPY stats did back up his view as well but let’s give credit where credit is due. Okay, so what does have week #40 in store for us?

If you’ve ever flown Ryan Air over here in Europe then you may know the long term damage even a short term flight can inflict on your body. And believe me, the six nights we spent sleeping on a creaky old mattress (note to myself: do not ever trust booking.com reviews again) had nothing on the two hours of legalized torture we were subjected to in order to be whisked across the Mediterranean for under €200.