Thoughts by GMTT
We are at an important level in the equity markets. Based on its inflection point we expect a pullback. However, the markets are always right, and we are clearly at a crossing point. We will go either much higher from here – not supported by the projected high – or we will go down from here. For example, the S&P, which reached this morning our target of 4236 – needs to hold at its current level, or we will move another leg higher – with a next upside target of 4258. However, as seen last week, once the sellers take over, we see an acceleration, and the S&P can move within an hour 60-8...
Source: mrtopstep.com