The premarket is very quiet today with no significant economic data being released.
Yesterday, the market reached another major milestone: the Dow hitting 40,000. The market loves big, round numbers, and this is certainly one of them.
Will it act as a significant resistance level? Only time will tell.
As we head into a long weekend for the Canadian market, the US market continues to make higher highs. We will remain short-term bullish on the market as long as the VIX does not close above 14.01 today.
This content was originally posted on the Stock Market Timing YouTube Channel