2-Jun

When bears lose, bulls win

Hello SpikeTraders,Yesterday I headlined my NHNL post “Bulls withstand an attack.” I explained why the structure of Wednesday’s down-day (S&P lost 30 points) actually reflected bulls’ strength. The biggest factor of course is our recent Spike signal. The shorter-term factor – bulls’ ability to lift the market off the day’s lows after a bear attack and ram it back into the trading range. Today those bulls followed up on yesterday’s partial success by adding 75 points to the S&P500.Let’s look at our charts…

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