Breakout or Breakdown?

Is this rally for real or is it a head fake?

After busting through milestone record highs mid week, the indices seemed to peter out by the end of the week, which begs the question of whether the rally can continue or has the market made a short term top.

So what's next?  My feelings are one of ambivalence, much like the market.   I expected more follow through with the Dow closing above 20,000 and the S&P 500 crossing 2300 (barely) for the first time.  However, there was no conviction or excitement, just a feeling of "meh," it happened.

For now, I think we're still at an inflection point.  Either direction is likely and movement will be influenced by the events, tweets, and actions of the day.    I still remain cautiously optimistic but ready to take advantage of opportunity whichever direction  the market takes.

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This is not financial or investing advice. Please consult a professional advisor.

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