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Bulls Remain in Control

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The stock market leaves value investors in the dust, once more. 


In this parabolic phase, momentum is the king of the hill. 


What's next ? FOMO obviously ! This multi-decade bull market won't end without a significant climax, which I see no sign of yet ... 


S&P 500 TECHNICALS: we did not get a breakout retest of the 6,147 swing high which was the next obvious play to watch on the weekly timeframe; instead we got a very bullish 3-week consolidation just above it. Bulls remain in control and are expected to drive prices above 6.5K. 


So much for a weak month of August ... you know what that means: FOMO !


Chart of SPX, weekly timeframe. 


ree

 
 
 

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