Market Surging Straight into Rally Test
It’s about 0.3 percent and 1.1 percent to the two marked horizontals. Mag 3 earnings are going to be huge because beats will blast the S&P 500 right back towards new all-time highs by invalidating the top ( the 5160 line) and misses could well trigger a collapse with trapped bulls and sidelined bears both scrambling to sell.