We take a look at some of the latest trades and analysis in Tick Pulse. Tuesday and Wednesday were some big trading days as the Dow finally hit 20K yesterday and the S&P cash index hit 2300 today.
We discuss the latest equity curve and look back at the worse case drawdown on February 11, 2016. The market has a narrow range today. From a technicial perspective, when the market moves to new highs and sits in a narrow range without much of a pullback, it is very bullish.
It doesn't mean that we can't catch some short trades as 10 and 20 point pullbacks from the highs in the S&P still represent "sitting at highs" in a narrow range.