Talking bout big tech yesterday and I definitely think that's what's going to determine if the Nasdaq respects resistance or kicks on to yet another leg up.
All the big dogs are reporting next week. Even though analyst estimates for most companies have been incredibly high we are still seeing a lot report to the upside of that.
Big earnings beats could see a proper breakout which may be the last real push for the bulls before some sort of pullback (if pullbacks even exist anymore).
Or as you say, is that the deception?
Have earnings beats been priced into the markets already?
And will the XJO follow by default even in the face of half the country getting bent over and proverbially fisted???
XJO nearing both ATH and the top of decade long trading channel. Will it have enough steam to at least test resistance or will it run out of puff in the next few sessions?
Certainly an interesting week ahead...
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