Still Trending Higher

After a very brief pull back, the market continue to trend higher. The SP500, DJI, and the Nasdaq are bumping up against their trend line as resistance. If they breakout, the SP500 next resistance will likely be near the bull flag measured move of 1350, and the DJI near the 12,450, while the Nasdaq 100 could move toward 2450-2500 level. The lagging DJT finally caught up and getting ready to breakout, and the Russell 2000 is forging ahead once again after lagging for a while.

This coming week is another OpEx week, and the volatility it brings could be the catalyst for the market to surge to the next resistance level or to pull back to support levels. I am still cautiously bullish and continue to trade with reduced size.

SP500:



Nasdaq 100:



DJI:



DJT:



Russell 2000: