SPX500 needs a rest.
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obviously, the overall trend of SPX and all other indexes is bullish.
but, as all of them has stretched from their key moving averages, I expect a correction and I hope it will be in shape of a continuing base instead of a sharp pullback.
it can be a new chance to buy the proven leading stocks.
So, I see the market in neutral or even negative for very short-time and a strong bullish long-term trend.
Friday daily candle and its volume helps this scenario.
but, as all of them has stretched from their key moving averages, I expect a correction and I hope it will be in shape of a continuing base instead of a sharp pullback.
it can be a new chance to buy the proven leading stocks.
So, I see the market in neutral or even negative for very short-time and a strong bullish long-term trend.
Friday daily candle and its volume helps this scenario.
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