I don't have a crystal ball and I can't tell the future, but I can read stock charts. I'll be watching closely because these things can turn on a dime but investing is probabilities and trends for me. Whatever your strategy is I hope you're doing your homework this weekend and you are successful in all your trades this week. Good Luck and Good Trading.
As you can easily see the market didn't retreat from it's highs of three weeks ago but instead continued to climb even higher. This is confirmation that you should never jump out in front of a trend and predict a reversal. Even though it looked like a reversal was evident, it still hasn't occurred three weeks later. A reversal will surely happen like night follows day but never predict what the market will do -- just follow the trend. And as you can see here, the trend in intact until it isn't. Trend follower never find the exact top, they just follow the trend only after it is firmly established.