S&P500, DailySPX500 on the daily chart seemed to have shattered the idea that the market peaked a few trading days ago as futures breaks above the long term trend line and is on track to close above that level. Obviously, the market is said to priced way too high for what stocks are generally worth, so it is still recommended to trade with extra caution. Buying pullbacks look like they work the best on longer time frames, so mixing that with heavy risk management is key to trading a very bullish market.
- Frank
