Summer Rally
As shown in the picture below, Friday saw very good bullish signs. There was a break of Longer term bearish downtrend. There was a Bullish thrust on the Accumulation-Distribution Study also.
Also other indicators that I follow, BPNYA crossed its 10day MA, my VIX model and the Stockbee's Market Monitor is also now in the Bullish Thrust mode.
We should expect a move to June 1 highs around 1345 in the upcoming week before this rally stalls. Enjoy the bullish mode till it lasts.
