S&P saw a slight pullback from as buying as demand contracted. In the process cumulative selling gained some momentum; however, prices managed to close higher. This indicates that the market appears to be in "strong hands." Note prices are still finding support along the "mean" of Andrew's Pitchfork.
The bullish trend remains intact. I speculate there will be a re-test of $205. Will volume contract? Will volume become "climatic?" Will prices continue higher challenging all time highs until extremes of asymmetry are present be falling?
The bullish trend remains intact. I speculate there will be a re-test of $205. Will volume contract? Will volume become "climatic?" Will prices continue higher challenging all time highs until extremes of asymmetry are present be falling?