James "Rev Shark" DePorre
Recent Articles By The Author
This high level of bullishness makes it make more likely that the downside action will be sudden and sharp if and when it does occur.
There still is no compelling reason to bet on a major market correction at this time.
The biggest consequence of the focus on China trade is that it is preventing corrective action from developing.
For many market players, corrective action at this point is a positive rather than a negative.
I still see no reason to be negative about this market.
Watch the price action very closely for some downside action and be ready to react to any change.
I will be looking at some index shorts should the selling pressure continue into the afternoon.