Short term charts are pretty overbought now (2 hour and below), so today could be a "pause" day where we might close slightly down or slightly up. But as long as it's not a big pullback it should be bought back up as the market is still in the bullish cycle period until as late as the 4th of next month. It doesn't have to go that far in time but I have to think that we should at least stay up into next week to work off some of the extreme bearish readings. Meaning it might not make a higher high, but should chop around whatever higher level it reaches for awhile before rolling over in the second week of December. Personally I think they will reach a new high to take out the stops on the bears that are shorting now, and those that have stops above the current all time high. But I don't see it reached this week... as it's likely going to drag into next week due to this week being shorten due to the Thanksgiving Holiday. Not more to add, so I'll keep this update short.
Have an blessed day.
