Coming into this week the markets felt like they were getting a little tired, and while we did see them pull back a little, but the real story is how shallow the pullback was. As I often mention, markets can correct by pulling back price wise or they can correct by digesting the gains through time. Time corrections are more bullish than price correction as they show an underlying bid in the market waiting to absorb supply. The video below takes a look at trends and key levels in the $SPY $QQQ $AAPL $XLF $SMH I$WM
Have a great weekend!
CLICK THRU TO VIEW THE VIDEO