Get use to this. More will happen in the night session that the day session going forward. New highs will be made on light volume. Looking for a negative divergence in the weekly charts as new make new highs. This divergence could signal the market top. The end of every bull market has had one. That is how i knew this bull was not dead yet.
More will happen after the cash close then happens during the US day session. Just like Friday...gap up sideways for 6 hours.
Excluding the night time futures pops market overall has weak upside momentum lately. And SPX needs to close, not just trade, convincingly beyond the range.
Ok people you know the drill....stock index futures rise over night like magic, just go long and make free money.
"Through Monday, the S&P 500 had risen by 1% or more on 21 trading days in 2018 and fallen by the same amount on 15 days. That’s 36 trading days that have seen moves of 1% or more, and the year has seven months to go." https://www.marketwatch.com/story/t...aded-into-lots-more-stormy-weather-2018-06-05
Amazon propping up the nasdaq once again.... amazon is the Nasdaq these days, without amazon there isn't much to be said, Nasdaq at historical highs because of amazon...how long the amazon story can keep going is anyone's guess but with a PE soaring above 200 these days there is literally zero room for error!!! Once the amazon trade is done investors better be hoping and praying there are heavyweights to take the nasdaq up because relying on 3-5 stocks out of hundreds and hundreds of companies to keep the nasdaq propped up isn't going to last forever!!!