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While the S&P 500 Index banged out a RECORD HIGH yesterday, and the NASDAQ Composite Index is within a hair of doing likewise, note that the Russell 2000 Index (IWM) is WELL OFF its record high dating from last year. And, as the Market declined -20% subsequent to that high, it is also off its subsequent peak in early May 2019.

As such, I fully expect we will remain range-bound, esp. given the Impeachment mess in DC, until it is NOT. Certainly it is UNLIKELY to break out to the upside here! What usually occurs (10/2018, 2015, 10/2008) is the Market declines a MINIMUM of -20% or for ONE YEAR, whichever comes first. So, I am not only a SELLER, but a SHORT-SELLER here!
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