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We’ve seen a big shift in sentiment over the past few sessions, with players moving from enthusiastically bullish to increasingly concerned with downside risks in the market.
There’s no denying we’re extended way up here near the highs, and, at this point, I’d welcome a couple of weeks of sideways price action, the better to build up a robust new technical base for this bull market’s next leg higher. Crypto is taking a break, too, and precious metals just confirmed their long-term bull trend.
And, as I’ll show you in a moment, there’s a lot to be excited about over the near- and long term. The future of technology (and the tech sector) is taking shape before our eyes. Take Google’s recent release of its “Willow” chip – it gets us closer to a useful large-scale quantum computer, and all that that entails.
So the tape and the trend still look good, despite the pause. Here’s what I’m looking at…
