S&P future is still heading up. Trading around 947. All the major indices are above 200day moving average, getting close to 52 week average. I am getting concerned technically. I am still long term bearish, but I didnt expect the market to be this strong. Or let me put it this way. I didnt expect that that many news and figures would have been better than expected.
Dont forget 10 days ago everybody was talking very pessimistic and now everybody is talking optimistic again. I will give the trading range another try. I am waiting for a test to 955 and probably to 970.
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