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Stocks are riding a 4 day winning streak to a close at 1652 on Tuesday. And looking back to the recent lows on June 24th the stock market is up a healthy +5.9%.
But Reity, how does it look going forward?
We are only about 2% away from the all-time high of 1687 set in late May. Certainly it seems we are on course for that level and likely up to 1700. However, I sense that point will offer the next gut check for investors with a likely extended consolidation period to follow.
Traders may want to take some profits there and then reload with a likely year-end target between 1750 and 1800.
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