Hello Everyone,
Quick Comment:
If you catch yourself thinking, “These prices can’t keep going up,” remember this: markets don’t become “overbought” or “oversold.” It’s all about whether prices are accepted or rejected. As long as higher prices are accepted, the market can keep moving upward. Thus, we respect the trend until evidence changes.
Monster week upcoming with MegaTech earnings, FOMC Decision and Monthly payroll report. In the event of deeper pullback, the obvious area to monitor would be the prior all-time high from earlier this year (February). For now, the bulls remain in control and we will take things level to level.
Please take a moment to look at the trade ideas.