$SPY Truly Bullish? - March 13, 2021

The negative divergence remains intact. It is good that we were very cautious going into the weekend rather than blindly shorting in front and before the stimulus checks get injected into the market. However, we take a step back and look at where we are BIG PICTURE. We continue to test and dance around the SLOPE OF HOPE. There's a lot of excitement in the market right now, but we've yet to see if the 13 year old bull market will continue. Again, taking a step back, we're still in the FIRST QUARTER of 2021. There's a great chance that this is larger bull trap before the first leg of the recession or Great Reset materializes.

Good luck everyone! Stay safe out there!