Floating Higher With Momentum

The action today seemed like a drift higher to a short term apex.

The momentum from Friday brought in some buying today, but not enough volume to convince me just yet that we are resuming a run to 1700 on the S&P 500.  Additionally, the inability to close near the high of the day indicates some exhaustion at worst, or indecision at best, at least short term.

Check back later for a chart review.

 

Leave a Reply