Evidence has mounted to the Bull’s favor.
After the S&P 500 put in a Follow Through Day with its massive upside move Tuesday, odds will favor the long positions until proven otherwise.
Quiet price-action the last couple days bodes well for Bulls as indication sellers have less conviction.
What we need to watch carefully for is Leadership, which will tell us where institutions are placing their bets for us to follow.
More on this in the weekly report.