Starting to shape up as early weakness then late day strength as we thought might happen. With it being options expiration there's no telling how they pin them at the end though so I'm not looking to take on any intraday trades into the last couple hours most likely.
Right now there's a firm bid under the market and that's keep the bears from getting too comfortable here. A week ago no one could believe it would go up. Now, even more so, most are calling for a pullback. I get uncomfortable when the majority are looking for the same thing. I too feel as if a rest/pause is likely at these resistance levels but am starting to think they want to breach them first before coming back in.
Right now there's a firm bid under the market and that's keep the bears from getting too comfortable here. A week ago no one could believe it would go up. Now, even more so, most are calling for a pullback. I get uncomfortable when the majority are looking for the same thing. I too feel as if a rest/pause is likely at these resistance levels but am starting to think they want to breach them first before coming back in.
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