Both Sides

I can see both sides, the short-term bull and bear case. The bears can say the rally is already 10 percent. That's a good spot for termination if this isn't a more substantial bull run. The bull case is that stocks like Netflix didn't make new lows in June and in this case, is only up about 20 percent. The bear case is "that's because this wave isn't done yet."

I'm looking for a reversal here if it is coming, otherwise I think a stock like Netflix and Meta are going up enough to test their big gaps.