The S&P 500 jumped above October 2009 gap on 7/13. I will be watching if this gap is close on light volume. A pause on light volume would be a bullish setup and suggest another push higher.
There are lots of reasons to be bearish, thus, lots of bears out there. The minor cycle date was 6/30, and the market bottomed on 7/1. August will be an important time from for stocks. It’s likely that the direction of the trend will surprise many.
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