RE: Some things in life are wildly exaggerated

Posted on: February 22, 2023 at 06:32:54 CT

It's a great trading environment. Take your 10 to 15% and don’t get greedy. Keep an eye on the VIX and RSI. We are now resetting for another rally. Maybe another week or two back to 3800 to 3900 and money will come back in for another trade. May only see 5 to 10% gains before it falls back again. I think it is destiny to test new lows. Hope it doesn’t fall below 3500 but 3200 to 3300 seem likely if earnings keep shrinking the rest of the year.