Pop Ready

Bullish charts for the major indexes… looking like they wanta pop new highs. ¬†

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The S&P 500 is wound tight in a bullish-cup-and-handle pattern. History says this kind of thing will lead to a breakout. The deciding factor would be if it sticks or not.

We all know the market’s tendency to figure out a way to slaughter the most amount of people. Extreme bearishness certainly adds to the case of higher prices.