The bulls are running out of time as there should be a pullback into the 15th but it should be short lived too. We could still see the 7000 level hit before then, as the market might be waiting on the FOMC this week to do that last squeeze before a move down. As we all know the market commonly chops around on the Monday and/or Tuesday prior to any meeting, so if it can hold this zone and not lose support they might do that squeeze after the meeting to take out the shorts?
Then a pullback into next Monday could happen from a higher level so as to keep the market in a strong uptrend and not lose critical support below. But if they don't do that squeeze by the Fed meeting then I think we won't see 7000 hit until the end of the month during the Santa Rally after Christmas. That's all I have to add as there's nothing to do but wait.
Have an blessed day.
