Why August Might Flip In Favor of the Bulls

Discussion in 'Wall St. News' started by Altavest_Erik, Jul 31, 2018.

  1. Jan 1: SPX just off all time highs around 2680
    May 3: SPX tags up with MA200 and long term trend line, bounces hard on a lower low at 2620
    July 1: SPX opens 2700
    July 31: SPX above 2820

    Seems to me like the bulls have had the upper hand all year. 6-month, 3-month, and 1-month trends solidly in tact. Any trend longer than that and "bear" markets look like noise.

    How is flipping this market possibly good for bulls? And what bull is disappointed with his portfolio this year?
     
    Spooz Top 2 likes this.