Today, we had a third red flag. The low of the day on the S&P 500 Index hit below the rising 13-day moving average. It is what it is. Time to go, IMHO.
I'm watching Jim Cramer on CNBC. He is wildly bullish and mocking the pundits who believe these levels are dangerous. Cramer is great entertainment. However, I would never invest based on his manic performances. If anything, you should think about fading or going against media commentators when they are wildly bullish.
Just contrarian thinking.
I am sick this evening, so I will not write anything else.
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