The market opened with a Gap Up and we are trading higher. The last four years we had a negative trading week following Memorial Day Weekend. Not sure how the week will end up but the market is showing more strength than expected from this overbought levels.
Gold is coming down which is good for the portfolio and stocks are going higher which is beneficial for the portfolio as well.
The slopes of price actions bellow are your sustainable. The SPY it’s at all-time high and the QQQ still has a long way to go.
Bears are being force to close position and bulls could be taking profits at this levels.
Spy: Day Chart
QQQ: Day Chart