We can always make another case for new marginal high for years and years to come.

Don’t you agree?

My current & preferred scenario has the indexes topping out in a range that runs from the top of those bearish engulfing candles from a couple of weeks ago (so far, the highs) up to about another 5% or so above.

I posted those scenarios in one or more recent videos as well as this post from last week with static charts: https://rightsideofthechart.com/spy-qqq-nvda-long-term-price-targets-6-26-24/

I’m about coin-toss odds whether the market already peaked at the bottom of that relatively tight range or will make one last marginal new high to the top of it & would welcome the latter as I really like how the Fibonacci projections & retracements from the top of that range line up with my long-term targets.

Nothing new…..Just another higher level for the next objective shorting opportunity.

Looks very Bullish for upcoming days to weeks…

JPM is breaking out above the downtrend line from the mid may high. I bought some last week and added to it this morning. RSI is divergent on the daily but on its own, is it not a short. the MACD recently crossed over and heading up. I am staying long until the breakout above 200 fails. the 20 and 50 DMAs are also in an uptrend.

So far clearly Bulls are still winning this Battle!