I hope you ultra bears and super bulls have finally woken up. From the recent heavy volume selling as we approach the top of the range....there is quite a high chance that the market will move sideways. It blends quite well with the economic scenario because
companies need capital the
invisible hand could make that happen by
maintaining the market at current levels.
Just ask yourselves.....why the need to drop from here...? As long as this market does not go too high...our desperate friends up there will not get their chance to sell their shares at the best price.
However, once this market is ready to push higher I do see that we could be heading to at least 89.13 or higher.
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