Looking for the Thursday Low

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As always, no one knows for sure what the S&P is going to do next but what I can say is that this is starting to look like the 2000 Tech Bubble. Don't get me wrong, the trend is your friend until further notice but the NQ is up 165% since its 2020 Covid-19 lows, up 69% from  its 2022 lows, and up 65% from 2023 low. A strong showing from most of the “Magnificent 7” stocks helped push major indexes into the green with Microsoft up 0.9 % to a new all-time high after touching a market capitalization above $3 trillion during trading. It's hard to pick a top when you have things like that going on. I want to be specific, I don't know if the ES has made a high yet but if it hasn’t, I think it comes within a few days which could be next week. I am not looking for a crash, I am looking for a 50% retracement off the 4729.25 low so we are talking 100 points at the current high.

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