The 30-minute SPY chart below indicates that the market is essentially cruising along higher. The Bollinger Bands on this timeframe show that we are not so outrageously overbought or stretched that running for the hills is correct. That said, I locked in some hard-fought gains inside 12631 earlier, and I have retained a slew of partial positions in the event we see a short-term blow-off top higher to inflict maximum pain on all of the skeptics and shorts.
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