What would push this market higher?

Quote from FuturesTrader71:

The sell off this week in the index products has been really well executed as shown on the chart of the ER2 attached. This is a text book H&S formation trade.

I'm not a long term trader, but it would seem to me like the market is likely to fall again before it challenges any highs. Have a look at the chart and share your thoughts, if you would.
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That time frame chart does look bearish;
major airlines ,MSFT look bearish also, friday close, todays open.

Hoeever SPY,LUV look bullish medium term/bull market ;
last quarter however tend to be bullish, except OCT.

Sure one woulfd have to figure in fund-amentals like oil stock profits & bankruptcy for airlines;
but wouldnt let those over ride a trailing stop:cool:
 
>What would push this market higher?

more people wanting to buy then to sell :) beyond that, I personaly don't think it matters much - I just listen to what the market has to tell me :)

Take a look at this year on a 10+yr chart - it's quite an un-eventful, sideways market. Not really anything I'd feel is even remotely "over heated", "over bought", etc... "over blahh" is closer to it.
 
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