Charts and Fundamentals: Why the Rally Should Have Legs
MINYANVILLE ORIGINAL My last update noted that probabilities favor that this rally leg since November is only half-way complete. I continue to favor that view. Yesterday performed as expected for a nested third wave rally and the bear count (which I’ve discounted since October) is very close to being invalidated once and for all. Trade above SPX 1474 would accomplish that. This market has an awful lot of bullish potential but what can bears do to put an end to it all? In this update we'll cover in brief some key signals and price points to watch going forward. ...
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