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The Stock Market ticked new all time highs this week on the Fed signaling a rate cut in July. The next major headline that will be talked about ad-nauseum this week is the G20 Summit (next Friday-Saturday) where Trump and Xi will meet next and we'll get a fresh set of headlines from the Trade War story. The other new headlines will all be surrounding what will happen with Iran, with tensions increasing this week.
From a technical standpoint, it's very unlikely we just blow through this all time high resistance area and make a parabolic run after already going on a huge run into the level. We saw some late weakness Friday that could signal the need for consolidation early on this week. That being said there are some good setups out there. You have to continue to be somewhat picky, but the best setups have persisted to break out in this market.
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