A nothing day yesterday, but signs of exhaustion are there. The pullback should be starting soon, but again, it won't likely be very much. The FP on the QQQ would suggest we'll go back down to the Thanksgiving level, which is a normal retrace in an uptrend. Somewhere in the 6020-6040 range is about what the FP's is pointing too, and it might happen today and/or into next Monday.
After that we go up again but it should not be some huge squeeze to 6300+ as I don't see that as possible now. I'm just looking for one more slightly higher high to end it, like maybe the 6150 zone? Not a lot above the current high and it should be a non-event, meaning it won't be some spike around some event.
I posted this chart on Twitter yesterday, which is a best guess but might be the plan
https://x.com/reddragonleo/status/1864705489784668186
Have a great weekend.
