Stocks Still Clinging to Highs!
Stocks remain at highs after a brief dip. The extent of the dip seems paltry compared to that of the rally. The open will determine where we will go from here. If we don't see much momentum, we can expect a dip or further ranging at current levels. If we do see momentum we could easily reach our next profit target of 4188. A retracement could take us all the back to 4073, so exercise caution. We are still waiting for a better dip to buy, since now the S&P seems so overbought that entering a trade now would be FOMO.
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