So far markets has been playing out as the roadmap we had and as mentioned few weeks ago that correction was done and rally to continue higher after a good correction from 1687 on SPX to 1560.

Markets is already near all time highs and closed the week at 1680 only 7 points from all time highs. Russell 2000 already made new all time highs and so did Nasdaq.

I believe SPX also will make new all time highs but the NYMO is telling us that a pullback is due short term before new all time highs.

So I would now expect a pullback before another rally higher, I will closely monitor the pullback when it starts but either way another rally to new all time highs should occur. So dont get too bearish here..