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The General Markets should have a little more upside, and if you are willing to ride the dips and just hold current positions, you can use a reasonable stop. If you hate losing any of your gains, it might be wise to tighten stops and keep an eye on open positions. The markets have been running strong and pull backs have been fairly shallow, but it is looking like we could be due for another pull back soon. Let's review what we have...
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SPX - The bearish rising wedge has been moving closer to the Apex. This is at least shorter term bearish. It doesn't call for a crash, but it does signal a possible pull back may be coming soon, and...
Read MoreLets get our Big Picture View in the weekend report, the weekly wrap up.
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SPX WEEKLY - The SPX continues higher, and will likely meet the 2018 highs, whether that happens now or whether we get a pull back to a dcl first, and it happens on the next daily cycle. This current daily cycle seems to be a right translated Daily Cycle, so the next should pop to new highs again. So far, this remains set up bullishly in the big picture, even if we get a short term dip.
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