13 Mar, Weekly Stock Market Review

S&P’s closed near the highs, we expect to see some consolidation or a pull back to the 21 ema. On a weekly chart S&P’s have retraced into the 50-61.8% fib box and are hitting their head on the 200 week ema. The indexes are extremely over bought so be cautious if initiating any new longs. Have a good weekend.