Good morning traders and welcome to a new week...
We continue to push the highs overnight, but I see resistance mounting in the 4555 area above. The market has been discovering prices beautifully, and with lower volume, I expect that to continue.
I would like to see a push higher to get short, but in the meantime, I will sit on my hands.
Gun to my head, I'd be long from here, but I wouldn't want to be long 30 points higher than we are now.
We continue to push the highs overnight, but I see resistance mounting in the 4555 area above. The market has been discovering prices beautifully, and with lower volume, I expect that to continue.
I would like to see a push higher to get short, but in the meantime, I will sit on my hands.
Gun to my head, I'd be long from here, but I wouldn't want to be long 30 points higher than we are now.