Hey all
im a little disappointed the market didn’t actually touch 7000 today.
it came very close...
i expected it would draw price to it like a magnet, it should have anyway.
big round numbers usually act like that (a magnet)
the market can still reach 7000 on this overall push higher, but if it fails to reach that number (7000) at all on this thrust higher.......for me that would be a short term sign of market weakness, and would likely see a minor pullback to consolidate before any secondary attempt at that level.
overall I expect this market to remain strong (until some decent supply gets drawn out).
I also expect the economy to get a little boost soon, which will help to solidify the current prices.
cheers
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