Markets look Over Extended
I do not think there will be a major correction, unless some catalyst is provided, but things look overbought (for the short-term). I’m seeing it across the board, so there maybe some level of consolidation next week.
I am more interested in seeing how the market react next week, then playing it. Currently I am still just long my displayed positions… no market short, even though I am anticipating some sort of consolidation.
