Today the S&P500 broke its all time high around the $2940 mark, its currently correcting towards its new support level if we break through support we may see more selling as other players close out buy orders they placed when it broke its ATH. This new move higher hasn't convinced me it can sustain it long as it broke out with little momentum. We may see some volatility around this level before a new direction can be found.
I will remain on the side lines, as I believe we are due for a correction as its one of the longest bull markets in history but it can continue for a good while longer .
I will remain on the side lines, as I believe we are due for a correction as its one of the longest bull markets in history but it can continue for a good while longer .