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As the S&P 500<\/a> broke above the 4500 level, as we started to see a lot of momentum into the market. However, we have seen a bit of hesitation since then, and of course at this point in time we might be a little stretched. I think the S&P 500 is probably due for some type of pullback, and the 4400 level could be the target for short-sellers to push the market down toward. At that point, I think there would be a lot of value hunters willing to get involved, as the 4400 level has previously been important. Just below there, we have the 4300 level, which of course is a major well.<\/p>\n<\/div>\n<\/div>\n All things being equal, this is a market that I think you continue to buy on the dips but it does look a bit tired. However, if we were to break above the top of the last couple of weekly candlesticks, that opens up a move toward the 4800 level. I would obviously be very bullish, but I think at this point in time as we are drifting through earnings season, it\u2019s going to be difficult to get overly aggressive as we will get the occasional headline that has people selling. In general, I don\u2019t have any interest in shorting this market, I think it has proven its resiliency, and of course Wall Street will come up with the next narrative somewhat soon, now that the \u201cAI narrative\u201d is starting to lose some of that steam. Don\u2019t believe me? Just think about blockchain, metaverse, the reopening trade, \u201cAmericans have plenty of savings\u201d, etc. There\u2019s always going to be some type of sales pitch.<\/p>\n For a look at all of today\u2019s economic events, check out our\u00a0economic calendar<\/a>. <\/b><\/p>\n<\/div>\n<\/div>\n