Why would we top out? We did have a few months of sideways already, but broke out higher, so... I have zero skill in long term predictions, so anything beyond the week ahead is mostly a hobby. I think I've said before that the my impression is that the markets really shouldn't be trading at these levels from a fundamental viewpoint, yet here we are. So, I'm not fighting that and I keep my trading 100 % technical and do not impose any political or economic opinions on my technical trading. It's funny because just today I was listening to an older podcast from 2018 where some trader said he suspected much lower stock prices in the year to come and a possible collapse in the NASDAQ. NASDAQ appreciated well beyond 100 % from that call and the truth is that people have been finding this market overvalued and overpriced since the bottom in 2009.
nice EOD push! 4130 area is my guess for tomorrow. And then maybe a really strong up week next week towards 4250, but one step at a time
Just my read based on study of time / cycles. I've no qualms about being proven wrong by the markets though. We'll know soon.
Late start. Daughters laptop for school didn’t work. I sounded like a crazy person for the last 2 hours. Wife wants a divorce now. If I knew that’s all it would take I woulda yelled at the computer a long time ago