Top 8 NASDAQ companies are the only ones holding this rally. Are those companies running out of gas? possible topping?
Watch the VIX.
This is a long term swing trade into the summer. Don't be deceived by the analysts and other puppets out there. We are still in a complacency stage. 2000's bubble brought NDX down by 82%. Applied today that would put the end price target of around 4,000 lol. Not saying we'll get there, but I am really far from bullish. The real bear market will start once the FED begins to cut rates.