Somehow it slipped under the radar that the S&P 500 closed at an all time high on Friday.
Yeah, it was only by a few points and the intraday high from earlier in the week distracts you, but the reality is the stock market closed at an all-time high on Friday.
It sure did not feel like it!
It was like a beastie boys song, slow and low that is the tempo!
The volume was meager and the move was a slow grind higher all day.
It was torturous for the shorts and an enjoyable slow ride for the longs
The S&P futures are currently trading 22 points above Friday's close so that all time intraday high is only 25-30 points away.
I see more pain for the shorts even with the market's move the last two weeks be a bit overbought.
I'd be lying if I didn't say I was rooting for a pullback.
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