Bullish Tight Trading Range Continues The tight trading range we have seen over the past 7 weeks continues as the market pauses to digest the very strong ~10% post-brexit rally. All that has happened over the past 7 weeks is that the moving averages are playing catch up to the strong rally. So far, the…
Market Finally Pulls Back Overall, the major indices continue trading in a very tight range after a very strong ~10% post-brexit rally. So far, the action is normal and very healthy as the market appears to be pulling back from very extended conditions. Remember, there are two ways a market can pullback after a big rally:…
Bulls Still In Control The market ended mixed to as it pauses to digest the very strong post-brexit rally. So far, the action is normal and very healthy as the market appears to be pulling back from very extended conditions. The key now is to analyze the health of this pullback to see if this…
Bulls Keep On Running This very strong bull market continues as the major indices all hit fresh record highs last week for the first time since 1999! In the short term, the market is extended up here and due to pullback after a very strong 8-week ~10% rally. It is also bullish to see that…