Next?

Rangebound

Here is the range bound nature of the markets

Higher

Now way the bulls come so far and don't try to pump higher. I have been wrong before but I am betting that we will be higher into the weekend

Lack luster

As usual we just drift between ranges in the summer. Geezz no excitement at all

BINGO

Achieved, now lets see if the bulls take a rest here and gather the strength to move higher.

Market

Last week was back and forth with the Bulls coming out ahead in the end. It looks very good for the 200 day moving average to be tested early on this week.

Does this mean the Bulls will be back in force? Not quite. In order for the Bulls to resume control, the 200 day moving average needs to be breached.

Best scenario for Monday will be a gap down for a buying opportunity and then be watching closely if that 200 day MA is tested. There may be short term day-trade opportunities off of that bigger time frame moving average, so stay alert.

WOW

Markets surely dont like what bernanke is saying. What did hey really think he was going to say, that we on the road to full recovery, hahahha what a joke.