In this video, we’ll be reviewing the market conditions, mainly focusing on the major indices and the Volatility index (VIX) to close out the week strong. The S&P 500 (ES) is showing the market is very extended as we’re ripping to all-time highs and trading at 3+ average true ranges (ATR) away from the daily mean for the second time this year. This calls for technical exhaustion, where we can continue to grind higher but this could also signal a pullback. It’s important to remember to listen and react to the market rather than expect a huge pullback.
