Nasdaq 100, Dow Jones 30 and S&P 500 Forecasts – US Indices Stretching

The S&P 500 continues to grind to fresh all-time highs. I think ultimately though, you’re still looking for a pullback in this consolidation to get involved. You don’t want to get overly aggressive here; while not as stretched as the Nasdaq 100, it is stretched, so let’s not forget that. I’m bullish, but I need to see a little bit of value. Chasing isn’t the way forward here, as it could cause large losses on bad headlines.