Hello Everyone,

Last week, we saw a minor pullback in the SPX/QQQ with a bounce on Friday resulting in Weekly Doji (hesitation) candles for both indices. All prior weekly doji candles since the April lows have resolved upward. No change in overall market structure last week, but the bulls have some hurdles overhead to clear prior to ATHs.  Next week, we have the gov't shutdown prospects (overhang) and monthly payrolls on the docket.

Quick Note:  Some of the charts I will simply show for reference but not spend time discussing to keep the overall newsletter within time parameters and please examine trading community for additional information.

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.  Respect the trend until evidence changes and when structure changes then adapt accordingly.

Here's a link to Tonight's Newsletter.

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