Best Way to Trade a Bull Stock Market
Stocks are flirting with ATH's in a complete departure from a reality where unemployment is right around where it was in the great depression. Praise be to the Fed and their magic papers. The Kovach OBV is confirming the bull trend. We are seeing some red triangles in the Kovach Reversals indicator, confirming resistance, however. The fact that the S&P should break out from these levels is undeniable, but the question is if we will see a retracement first. We would prefer to error on the side of caution and not honey badger our way into a trade. Keep your eye on 3396 and 3390 for a rejection or breakout. The level 3357 would be a good place to buy back if it retraces.
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