dryanhawley
Long

I look at 10 Bearish ideas published here

FX:SPX500   S&P 500 index of US listed shares
102 0 1
All were Bearish except one, and that one called for a 60 point down move first. Take a look at the DAILY candles, yes there are some hairy tops but they are solid green. The fact that everyone is bearish is a contraindicator for me... Possibly the up move continues... We are above all the EMA's, above the Ichimoku cloud , yes the stochastics are near the top, but in a bull market they are like that... We have also completed 5 waves up and an ABC pattern than ends on the C wave down, maybe we are about to bounce up and go higher... If people can get over what happen in Europe on Friday.
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