I’m getting ready to scale some more out of the 401k…

Today we smacked that shorter term trendline (I highlighted it red) I had there all along and got some rejection/selling pressure. I’m kind of expecting a push a bit higher to 9000-9100 which is HEAVY resistance from so many angles and concepts. 9000 is a good psychological level to seek a reversal just by itself. I do anticipate it upthrusting even higher where we may get massive hidden selling, but being delayed order execution I can’t time the 401k moves as well as I’d like. I’ll just do my best and try to sell into a push up/strength. We’re bound to get some volatility spikes shortly, remember that a candles CLOSE is all that matters, though the wicks should get wild showing hints along the way.

Sometime next week I’m moving another 30% of my 401k to stable value. That will put my “stable” funds at about 70% of the port. I’m just not willing to risk this resistance holding with what little of my nest egg is left.
I will likely ditch the remainder at a later date if we push higher, for now I’m happy with the allocation and strategy. If somehow bulls push this thing I can always shift back to other funds, but for now I wanna put my $ where my mouth and my TA is.

Remember back on 5/12 is where I cut the first slice to a “stable” fund. Scaling out FTW…there’s no telling where on the dot this will stop so I’d prefer to cut risk down as we rise incrementally.
I could be dead wrong and bulls could make this year a legendary one…I’m sticking to my TA and laws of probabilities myself though. The macro trend is my friend…for now.