Highlights
- Between the vertical behavior of SMCI, MSTR, and Bitcoin, and the ominous rejection of NVDA, a correction in the weeks ahead should be expected.
- For the S&P, support is very strong between 4550 and 4750 (16-17k on NDX). This is not to say we are headed there, but longer-term investors should not be spooked if we do.
- More tactical traders should indeed be booking gains here after the S&P's near vertical rally since October.
- While we. . .
