SPX is in a clear breakout trend!

SPX has triggered 2 larger bullish patterns.

Both patterns result in higher price.

Despite the weakness in NVDA the markets have shrugged off the decline.

We are trading into new all time highs so price discovery mode is in a effect.

When you have no resistance pivots or volume to trade against at new all time highs you really have to be careful if you're shorting the market.

Volume trends. extension moves, ATR, deviations should all be included in your analysis to define upside target zones.

We continue to remain net long the markets with key shorts in place.