Wednesday, July 13, 2016

A dangerously extended market, or a FOMO rally?

Mid-week market update: The SPX has staged an upside breakout to new all-time highs and indicators are looking overbought. Now the key question for traders is whether current conditions represent an extended market that`s ripe for a pullback, or does do these conditions represent a "good" overbought condition that accompanies a momentum surge, which leads to a Fear Of Missing Out (FOMO) rally?

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