Notable Reversal: OUTSIDE DOWN Days for the Big Cap Indices, DJIA/ NDX100 & S&P100.
Will it matter?
If it does; then the retrace levels for the NDX100 are highlighted in the chart.
No new highs for the NYSE; earnings season upon the market & summer trade likely to result in further 'churn'....all amid Central Bank discourse on how the post- liquidity party 'hangover' is to be negotiated?
Fried food usually works well; how about 'fried' stocks?
No stopping the momentum of the Benchmark S&P500?
Central Bank assurances about 'lower for longer' interest rate settings keeps the Longs 'snug'; the Bears 'patient' & the Neutrals 'frustrated'.
Until a Clear Reversal basis: Weekly Chart is witnessed; the sidelines remains the safest place to be as Summer unfolds & liquidity thins.