I neglected to mention this as part of my previous post. One of the core reasons I’m bullish in the face of the 2-3 month rally/consolidation period is because there remains a minority of market participants who trust in the rally/bullish recovery. This is one of the best indicators out there and it’s only available by immersing yourself in current events in the markets and infusing intuition. Barring an unforeseen event such as North Korea doing some real damage, I expect we hold the 875 – 880 level on the S&P.
As always you have to remain willing to adapt if conditions change.
In an interview the other day I was reminded of this speech. Well worth the time.
