All-Time Highs (3% Up) or US/China Trade Gap (4-5% Down)?

It's summer time (1st week of June)

Brutally slow price action thus far, Non-Farm Payroll hits this Friday
Next week will be more US Inflation Date (CPI, PPI)

S&P and Nasdaq are only 3% (or slightly less) away from all-time highs
Melt-up momentum says it's the path of least resistance
US/China Trade Agreement Gap (that silly little Monday announcement) is 4-5% lower

Whatever we hit, there will be disappointed traders and investors - the ultimate pain trade :)

I'm not bearish, I'm ridiculously cautious as a bull and wanting to see a pullback. I can tell
because it's actually annoying watching the market grind so slow to the upside shrugging
off every bad news bite and sense of reality

The big beautiful tax bill is losing support (see Elon Musk's latest comments)
The Trump Administration has pivoted so hard the other way the market is virtually
ignoring tariff news now

Let price be your guide. I'm connecting the April 7 lows forward and if the bears cross it and price sweeps some lows, there might be some pullback potential in the cards

Plenty to watch - be patient - opportunities await. Not forcing anything for now and I'm
doing the "boring" stuff for income trading.

Thanks for watching!!!