It seems to be Aflac is setting itself up for a big fall. We’re approaching that gap at $62.30, and the chart is severely damaged. As long as we stay beneath that gap, I’d say a short position is a clean bet.
No, don’t worry, this is going to be another one of those “the indexes look just like the Norwegian Salmon Futures from 1587-1591!” type posts – - it’s a different kind of analog. It occurred to me this morning the perfect representation of this equity market: the T-1000 robot from Terminator 2. Most of you […]
SPX made the IHS target at 1987 and is now close to testing the current all time high at 1991.39. I’m expecting to see a new high made, very possibly today. So what then? Assuming that we don’t see a strong rejection at the highs retest, the obvious next target just above is at the […]