We’re half done with earnings season. Resist the temptation to get caught up in the headlines, greed & bias. Earnings takes your edge from you.

SPX – The index put in an impressive run and after a few digestion days last week the run continued and printed new all time highs.  Many eyes are watching the 1700 level & I expect price to overshoot it before a larger pullback to at least 1648ish.

IWM – Testing the upper trend line of the rising channel.  Rallied ~10% in less than 30 days.  Needs to digest through time or price & allow the charts to reset.  Use caution when opening new long swing positions until the market is allowed to digest.

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Enjoy the rest of your weekend,

-LearJet