Still a bear market until bears are conquered
NFP made this daily chart look massively bullish, but it still isn't a bull market until the bears have been conquered. Buyers are gonna keep on attacking on Monday trying to break the bears defense line whilst the sellers are gonna defend like crazy. The higher up it goes, the better risk to reward their gonna get as the stop has to be at 1283.12. If the bears are stopped out then we will be entering a bull market, but until that time we are still bearish. I know which side my moneys gonna be on. I have a feeling that Monday will be a big fat red engulfing candle.
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