Markets in Limbo, Outlook Still Bullish

Here I have the bullish days marked with a green arrow and the bearish days marked with a red arrows. Also, the bigger the arrow, the more important the day of trading.

Combining the price moves with the fact that volume has been declining throughout the rally and the MACD having a bearish divergence makes me skeptical of further moves higher.

Bottom line is that regardless of logic and personal opinion, the market is going to do what it wants and right now it is in a confirmed up-trend. I would stay long but be remain cautious limiting my exposure to a large downside move.

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Alex Stewart

I am an MBA student with a degree in personal wealth management. If you have any questions at all, go to the contact page and send me a note.

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