We get one small retrace after a very long move…

And the bears come out in full force.

The fear and panic on the timeline after such a move very accurately displays that we have so much further to push.

I don’t know how many times I have to say this but markets do not top during fear and panic.

They do not top when everyone is instajeeting on a tiny dip.

They top when market participants are totally euphoric and everyone is cheering for higher no matter the size of the dip.

The louder the bears, the bigger the upside ahead.

The louder the bulls, the more downside ahead.

This market has a long way to push before the majority flip bullish.