We are beginning to flatten into a flag on the indexes. I feel there is enough strength in the market to retest the April highs but that area should pose formidable resistance. I would have expected more movement in the market due to earnings season. I feel the lack of conviction in the investment community is testament to an impending pullback. Next week is a heavy reporting week so we shall see if there are any market movers. Once the April highs are reached, look for the market to reverse
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