The S&P500 is up 33% and the Nasdaq is up 41% since April 7th. Medium to long term we will see the market move much higher from these current levels BUT in the short term... the risk/reward to the upside is shrinking. I would be more cautious this week after NFP data on Friday. We also have Core CPI data on Sept 11th. If the numbers come in over expectations there's still a possibility of no rate cut this month. If you have a small account/newer trader, the best risk/reward for a swing trade would be to WAIT for $SPX to backtest near 6100-6147 and for $QQQ back near 534-541. It's possible we see the Indices try and grind higher from these current levels but I'm seeing more weakness in tech/chip stocks so be careful over the next 3 weeks of trading. Smart money may be selling into strength and waiting for a deeper pull back before going long again.

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