Last week clearly shows why it is so important for you traders to remain open minded and flexible.

There have been many signs hinting at the markets being tired and ready for a correction, but every dip continues to get bought.

In fact, there are still plenty of signs revealing investor complacency, and other clues, such as market leaders selling off after earnings, hinting at market weakness.

However, only price pays, and ultimately the majority of the indexes are at new recovery highs. Until some important support levels are broken, traders must simply make sure they don't get too complacent with their risk assessment and simply follow the trend.

There are still enough signs to warrant caution, but this week's show of support at least has given us a clear line in the sand to watch.

Go and make Profit!

Investopedia