It Doesn't Make Sense

This rally doesn't make any sense, but who say the market has to be sensible. As long as there is a high level of skepticism on this rally, the market will continue to move higher. Look at the DJT, it made another new closing high. The tech heavy Nasdaq 100 also made a new closing high today. And look at these indices price patterns; these are not the pattern one would find at the top. These are more of the continuation pattern, so expect further high to come. The new closing high from the DJT is telling us the DJIA will make a newer high, so 'buy the dip' is the strategy to trade with.

Here are the updated charts, click on them to get a larger view and to read the commentary embedded in these charts.

DJT:



Nasdaq 100:



DJIA:



SP500: