Sure enough, the Dow has finally managed to break out of its current gamma curve and seems to be heading towards new all-time highs! As mentioned in the previous newsletter, the key price target that we have our eyes set on is in the 18400-18500 area.

The S&P has also headed higher and is now testing its April 27th high. The NASDAQ has headed higher as well but still has some distance to travel before testing its own April 27th high.

Momentum has sure picked up after the rebound from key support levels on May 12th with next week’s “time” pressure point playing a major role in that acceleration!

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