Why August Might Flip In Favor of the Bulls
- Thread starter Altavest_Erik
- Start date
Jan 1: SPX just off all time highs around 2680
May 3: SPX tags up with MA200 and long term trend line, bounces hard on a lower low at 2620
July 1: SPX opens 2700
July 31: SPX above 2820
Seems to me like the bulls have had the upper hand all year. 6-month, 3-month, and 1-month trends solidly in tact. Any trend longer than that and "bear" markets look like noise.
How is flipping this market possibly good for bulls? And what bull is disappointed with his portfolio this year?
May 3: SPX tags up with MA200 and long term trend line, bounces hard on a lower low at 2620
July 1: SPX opens 2700
July 31: SPX above 2820
Seems to me like the bulls have had the upper hand all year. 6-month, 3-month, and 1-month trends solidly in tact. Any trend longer than that and "bear" markets look like noise.
How is flipping this market possibly good for bulls? And what bull is disappointed with his portfolio this year?