4K dip buyers feeling the pain, yet...? The current high can be a major swing high for now or we might just be back-filling a bit. That's the tricky part. I'm day trader, so I'm glad I don't have to make those kind of grand predictions, but it's still fun trying to figure it out. The first 2 days of the week have some resemblance to the first 2 days of last week where we broke out of the prior week range only to reverse the entire range by Thursday.
Did Microsoft kill the rally? Earnings are bad. https://www.unseenopp.com/did-microsofts-guidance-call-just-kill-the-rally/
Here is what this looks like when you zoom out a bit. That 3900 or so area remains a key level. We'll see what happens!
We will most likely trade back inside yesterday's range today. I have 4009 as a possible failure point, but if that doesn't draw any attention we can go all the way to yesterday's close by end of today.
So incredibly predictable... If we get a nice green close today this was most likely just a minor pullback as we continue inching higher towards @schizo's target for now. That said, we got some big numbers coming up tomorrow and Friday which could shake up things of course. In both directions. A close below 3990 today would surprise me, but it's all probabilities, so who knows. Just very, very unlikely...
4K and double top sellers most likely getting creamed here. Maybe a weak little pullback to lure more of them in. A drop from here would impress me. I just don't see it today.