Max Petrisek

Thursday's Rise to Resistance (QQQQ, SPY)

A guess is a guess. Most of the original author's comments are rehashing of old cliches as" the market needs to do more work before it moves up" or "there is more room to run." These cliches can be applied at any time as the market is always dynamic. I have been guilty of like cliches but believe something more substantive is needed here. If I had the answers I would be one of Seeking Alpha's writers which I am not. So if nothing better one can just admit it is a " gut feeling." Well at least the alignment of the solar bodies is not claimed to be needed before we start a substantial move up. Peace.