Bull Time

We are in some sort of move higher that is unlikely to end until we pass the turn of the month. We have had a rather sharp move up and there is a chance of a temporary setback. In most cases there is a down day or two nestled within an up move. If the market acts as it has in the past year then there might not be any down days.

Any move lower before the turn of the month would likely be a buying opportunity and not the start of something bigger. The best the bears can hope for is that the bulls don't make too much progress in the coming week. Turnaround Tuesday of next week is the spot where bears could get aggressive again.

No comments: