Capitulation Buying Or Melt-UP: Place Your Bets

I would really like you to listen to my premarket rant from today which Mikey captured and posted this morning.
It covers my "Wage Inflation and Recession Watch" macro analysis, an intermarket chart I am tracking to time a sizable market reversal, and my strong suggestion to not take these gains for granted ("Don't Be A Piggy") as we move into a period of well-known summer chop, earnings slop and potential drop post July OpEx and FOMC.

Swing trading longs has been MORE than profitable (as you can see from my trading room notes updating same), but I can't help but have eyes-wide-open as my QQQ 386.50 and SPX 4545 JUST TAGGED!

And with that, I can't help but wonder if COMPQX 14,500 is resistance for now. Above is surely bullish, but below is surely not

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