The S&P closed the week at 5,958, continuing its climb along a steep uptrend that’s been in place since mid-April. While momentum remains bullish, we’re now entering a zone where digestion or short-term pullbacks would not be surprising. And not because of weakness, but after every run is a period of digestion.
In this video I first go through how I clear out the noise to focus on the outlook for the next few weeks, re-chart my levels and trendlines, and walk through potential scenarios for the coming week.
In this video I first go through how I clear out the noise to focus on the outlook for the next few weeks, re-chart my levels and trendlines, and walk through potential scenarios for the coming week.
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