In summary, the line of least resistance is still to the upside. Stocks are trying to break out, but there has not been a very convincing effort yet. If follow-through doesn't take place, the bears will take another shot at the market. Next week will be key for the markets. We're entering into sessional "cool-off" phase and have FOMC on Wednesday which could be a catalyst.

 

 A pullback wouldn’t surprise me with valuations stretched, growth rates peaking, the fed tightening liquidity, leverage near highs, a short squeeze underway and tax hikes on the horizon.

"You begin to awaken"

The beginning of freedom is the realization that you are not "the thinker." The moment you start watching the thinker, a higher level of consciousness becomes activated. You then start to realize that there is a vast realm of intelligence beyond thought, that thought is only a tiny aspect of that intelligence. You also realize that all things that matter - beauty - love - creativity - joy - inner peace - arise from beyond the mind.

You begin to awaken.

All bulls need now, is for those all time highs to be confirmed with a break-out.

However, there is still the possibility that the resistance at or just above current levels will hold.

In summary, a breakout above the top of the range would be very bullish. However, there is still the possibility that the resistance at or just above current levels will hold.

 

light volume and small range, tempo has slowed down, but still bullish