Daily and weekly indicators are no longer overbought, and NQ is still in the melt up channel.
Next 2 big "news" events are PCE Feb 29th, and Powell speech March 6th.
Heck, there's a chance that they give the market one final pump before the new Dot Plot comes out in the March Fed meeting. (See highlighted example)
Be careful shorting anything until then, you need perfect market timing and choose the right stocks. It's a scary market to go big on short positions.
Next 2 big "news" events are PCE Feb 29th, and Powell speech March 6th.
Heck, there's a chance that they give the market one final pump before the new Dot Plot comes out in the March Fed meeting. (See highlighted example)
Be careful shorting anything until then, you need perfect market timing and choose the right stocks. It's a scary market to go big on short positions.