Recap - Another day the bulls have given the bears something to think about. It is very easy for the bears to think we should go down but as I noted there is also alot of reasons for the bulls to trade this market NOT invest. The thing I see is alot of small caps rallying and this is usually a sign of the end is close BUT the battle lines seem to be on the bulls side no matter what the charts and signals say.
I expect the longer they take to give up the weak bears might throw in the towel and give us a push up that WILL be the final push up, we call this a TRAP among traders.
I definitely think this is what will play out but we will see soon enough.
For tomorrow we should be hearing some preliminary news on the stress test and that might lead us early on. I have no idea how tomorrow will go so it is a play as we go here.
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