Market Should Continue Higher

Yesterday's action was bullish. We saw put buying and the market still managed to close slightly higher. The market remains very oversold and the 10 day moving averages of the put/call ratios are at levels that have previously led to rallies. I expect this rally to continue until we see call buying and the bulls bragging about a successful retest. In addition, the Euro looks like it is sold out and the Euro has been leading the markets.

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