US stocks were again mixed overnight but the strong close by the S&P500, even as tech stocks languished, makes us give the bullish trend the benefit of the doubt and target another test of 4000 in the coming weeks. However we do believe the airs still getting thin at these elevated levels and strength should be sold as opposed to chased.
MM feels the S&P500 is still likely to test 4000 in the coming weeks.
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