Are we witnessing the greatest bear market rally of all time, or are we poised to begin a new bull market? We are at an inflection point in the market right now. We either push to new all-time highs, or undergo a massive reversal to the downside. My feeling is that we will see a reversal right now.
Comment:
So when I made this post, I was expecting more resistance at the old all-time high. What we saw is that price had more power behind it than I imagined. I still think a large correction is on the horizon as I type this, but this particular post was wrong for what it was at the time.