The Yellow Flag Is Out

Although many charts look quite bullish, including the Dow Industrials and the Nasdaq index, the June E-Mini S&Ps have yet to push past a 2439.00 rally target that had been four months in coming. (Click on the chart in the E-Mini tout below to see this). They could still get second wind and pop to 2455.50, an alternative target, but I’ve suggested caution nonetheless as the weekend approaches, especially since the lunatic/FAANG stocks are starting to look a little winded.