Based on Friday’s price action, the markets look poised to push to new all-time highs, and the NASDAQ 100 already has.
As you know, we always look to see if there’s “fuel in the tank” based on the market internals. The internals at this time is saying that the tank is getting close to empty, and bearish.
Historically, when the internals are near an extreme, but not quite there as they are now, the upside is limited. The markets are coming into the seasonal November-December bullish end-of-year rally period.
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