Our bias will more than likely run parallel to the great 50-day moving average as we head toward fall. We remain in Buyer’s Caution until this market fails to successfully dominate above it. As even a two year old can see, this yellow line in the chart above shows solid, upward momentum. A failure to sustain will be evident with daily closes below it.
This is the simple, bare bones, all you need to know analysis of the market. Everything, even news, is just noise.