Some great charts accompany this video which outlines what I see happening in the next 2 weeks. Basically the big question is will the market start to retreat soon? I myself can't help but look at recent historical charts (Back to 2010) and not get swayed to that side of the fence. The other side is just more upside. We see in the video and on the charts we have all the makings of a classic flag or continuation pattern. Even the stochastics have set up in a very nice level that could shift the momentum back to the buyers. We might have already seen this Friday.
I think we have a nice 2 day rally early this week, then I want to watch to see if we fail at making new highs. That could happen after a nice bounce out of a flag. I see it a lot and would not bet against it. Better yet I don't want to take this bet and rather take shorter trades and try not to get into a position that I am dependent on the market but to trade the smaller intraday patterns with maybe a couple overnight holds.
