الشعثاني
عضو مميز
After Market Report
The general market blew off a bit of steam today in what promises to be the start of a pullback after an incredible three month run. Since we are primarily on the long side here we would love to see things keep moving forward but the past month has lagged in overbought territory and a serious trend has been difficult to catch. This makes a pullback a welcome occurrence as it could help take some slack out and allow a stronger base to form should the market indeed make an expected new higher leg. Retracement targets for the Nasdaq and S&P are 2100 and 1160/1170 respectively