Hi everyone! Welcome back.
Most indexes continue to rise, and I think we will go up next week as well. Something to watch out for is the weekly RSI divergences which hints that we are at a medium term high (weekly chart means more medium term). Logically, we have gone up a lot since December of 2018, and are due for a correction. However, markets don’t always move logically, otherwise we’d all be rich.
I think we drift higher in the short term (a week or two), but I think we will close lower 8 weeks from now (end of June).
Below is a chart of the QQQ with the weekly divergence highlighted.
