The Major indexes posted yet another intraday all time highs across the board. This is one of the most historic Bull market runs in history! Money has literally been taken and handed over to us.
But a word of CAUTION! If you haven't already taken advantage of this bull run I advise you to become CAUTIOUS, we are an extreme state of being overbought. In fact, the major indexes haven't been this over bought on the weekly in YEARS. Any week now we can see a reversal, and when that happens you can bet your ass its going to retrace fast and hard catching everyone off guard. But nonetheless, the market is still showing deliberate strength to the upside and more to come. The S&P 500 broke out at around 2700 level and is consolidating above that, you can easily see a retracement back to that level to test the support level. If we get a break of 2700, it can easily be a signal for a greater retracement. Keep an eye!
Sort: Trending