One of the calling cards from the bears throughout the historic bull market from 2009 is that trading for upside has been "so easy'.
Notice the irony there though....
That those calling for downside every day since the 2009 lows state how easy its been trading for upside. Cue the thinking emoji.
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The main reason its been 'so easy' is because the FED has the markets back.
And yet these same bearish folk say that the market crash that continues to lurk around the corner will be the result of the FEDs actions.
Cue the thinking Emoji.
"Being long this market has been so easy", says the bears who have been penning fear mongering articles twice a month for the last 10 years
— UPBOptionMil (@UPBOptionMil) October 28, 2019
The reality is... it hasn't been easy.
Case in point this weeks action.
Heading into the week I thought we were going to head to the mid $340s...
and we were headed that way until the stimulus talks broke down... and the SPY dropped $7 in an hour....
This candle still gets my blood boiling when I look at it....
and yet... like most dips... it was a great buying opportunity.
As stocks were falling on that headline you could rest assured that those bearish folks were looking at it as the start of the next leg lower... not a chance to buy.
And when we are at record highs again later this year or next they will say how easy it is just being long the stock market....
The FEDs got our back...
Widely followed stock market bears since 2009 --->>>> "The FED is going to manipulate asset prices higher forever!!! Please read my in depth 30+ page research piece on why the stock market is going to crash 60% tomorrow"
— UPBOptionMil (@UPBOptionMil) July 30, 2020
...and lucky for us there are many who still think no matter what the FED does a market crash is right around the corner.
Futures may even be crashing right now as I finish this article.... yep....
it is So Easy being long the stock market with a 60% market collapse right around the corner.
As for today... lets see if we can break resistance....
