Don’t Fight The Tape:
This is a VERY strong bull market and I’m reminded of the old adage: Don’t fight the tape. Eventually, this market will pullback- the only question is when, not if. That said, be very careful (don’t) chase stocks up here- AFTER a big run.
One glance of the following hourly chart of the S&P 500 over the past month will tell you everything you need to know about this market and it can be best summed up in two words: Melt Up…
S&P 500 Hourly Chart Over The Past Month: