SPX: time to digest the uptrend?

The S&P closed the week at 5,958, continuing its climb along a steep uptrend that’s been in place since mid-April. While momentum remains bullish, we’re now entering a zone where digestion or short-term pullbacks would not be surprising. And not because of weakness, but after every run is a period of digestion.

In this video I first go through how I clear out the noise to focus on the outlook for the next few weeks, re-chart my levels and trendlines, and walk through potential scenarios for the coming week.