Good evening!
Look at us, trading above 6200! Finally, making it to that 6188-6192 zone and taking out pre adjustment highs of 6184.25. Please go back and review past reports from early Q1 and late Q4 from last year to understand why this area was extremely calculated. The theme for this past week was that if we sustained 5934-5948, ideally 5958-5966, we had great odds to not only retest 6041-6078 but to enter the zone area above 6110-6114 and this time break upwards properly, retesting that dreadful 6138-6148-6157 area from the past. This would put odds in play for our ATH zone of 6188-6232. We did just that and even expanded up to 6238. So, what does this mean for the week ahead to wrap up Q2 and month-end?