- The turn of the month from March to April is one of the seasonally strongest times of the year.
- In the past two weeks the market has gone sideways and worked off the short term overbought reading setting up for a continued move higher.
- According to most surveys hedge funds are pretty long heading into quarter end as are mutual funds. The powers that be would be very happy with a strong end to the quarter.
- 1150 on the S&P 500 is very strong support and is not that far away.
The Bear Case And The Bull Case: Part 2
In Part 1 I made the bear case and the following is the bull case