The weekly Parabolic SAR turned bullish on the week of 10/20/2020. By 4/20/2021, it will have accomplished an incredible uptrend for 6 months without any major correction. This morning, Goldman Sachs delivered the mind blowing quarterly results. The futures of the 3 major indices are up. JetBlue got upgraded. Its stock price has returned to the pre-COVID level; however, it’s still losing money and the air traffic is nowhere near the pre-COVID level. It does not matter, right? It’s all about forward looking. The future paints a beautifully rosy picture for all of us.
