It always sounds good when this market is doing the slow crawl higher...but even the overnight ramp jobs are erratic nowadays...we are now at the stage where co-ordinated CB meetings are staggered throughout the month and the markets churn sideways until given the go ahead...the language is cloaked in "algo-eeze" and the bit players issue their own "soundbites" to create ebbs and flows and/or trap shorts to create an even greater algo-effect when the big dogs take the stage...
the most recent bull runs and crashes are all orchestrated by the central banks. They let the market crash, to bring down yields on government debt.
You don't always need evidence that's for crowd control, smart people form their own opinions based on decisions being made.
Here you go. http://gulfnews.com/business/sector...foreign-assets-to-highest-on-record-1.1701407 http://www.pionline.com/article/201...t-gpifs-equity-heavy-asset-allocation-targets
looking at 2075 today on es, some minor resistance there, if it can take it out, then 2100 this week.
You have nothing to fear, the overnight crew will juice the index futures up. Then when America wakes tomorrow morning all you will hear from the talking heads is "LOOKS LIKE A HIGHER OPEN ON WALLSTREET"......GUARANTEED....You will see this same pattern till Labor Day. So easy making free money while you sleep $$$$$$$$$$