- Over the last few weeks, we discussed the ongoing “buy signals” suggesting the market could retest all-time highs. That occurred this week.
- While the markets could undoubtedly break out to new highs next week, the upside remains limited. Such is due to the weekly signal, which is very close to triggering.
- The market has been tracking the post-correction/bear market rally analog. Such also suggests a pause given the strength of the rally from the previous lows.
- Giventhat the markets have not reset, speculators are now simply chasing whatever ismoving higher.
For further details see:
Market Hits All-Time Highs As Money Flows Peak