Apr. 17 at 1:27 AM
It’s been a strong week for
$TSLA,
$NVDA,
$PLTR—and really the broader market.
$SPX pushing to new highs reflects expanding participation and strong momentum.
Naturally, the question comes up: can this move be trusted, or is it a fake breakout?
Structurally, this looks more like continuation than pure hype. Leadership remains intact, and capital is still concentrated in key names. As long as pullbacks are supported and key levels hold, the trend remains valid.
That said, new highs often come with increased volatility. Pullbacks during an uptrend are normal—not a warning by themselves. What matters is whether weakness comes with heavy selling, leadership breakdown, or loss of key support levels.
In short: trend is intact, but don’t expect a straight line. The focus is on how the market behaves on dips, not predicting the top.
👉If this is helpful to you, tap @RobertBDunkin2
