Stocks are in a very nice uptrend, with the S&P 500 trading at new highs, but when looking at the data showing how many single stocks within the S&P 500 Index are trading above their 50 day moving averages, it still makes me think there is room for more upside within the current wave five, possibly towards the 7600 to 7800 area.
Thanks for watching
Grega
Become a premium member
Get daily Elliott Wave updates for US Single Stocks, SP500,DAX, GOLD, SILVER, CRUDE, FX, CRYPTO, etc. or apply for unlimited access to the Elliot Wave educational videos.