$SPX $NDX broke out to a new high today, while $RUT steadily marched upward. The bullish strength is very high.
What’s making this bull charge along? The Fed and their “non-QE” liquidity injection, at a time when the economy is still strong and job growth is still robust.
Will we pay a price in the future? Most definitely, but not right now.
So even though our gut is telling us that this bull market can’t be real, we have to trade what’s in front of us. And what’s in front of us right now is a bull charging along at top speed.
The full article covers:
Market Internal Indicators
Support & Resistance Levels
Planning Your Trades
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