SPDR S&P 500 (SPY)

[leftyg]

stevefw..you give me more credit for forecasting than is due. I am a long-term investor compared to most of the people on this site....in other words..I am day to day, but also willing to hold a day or two that goes against me if I believe the direction of the trend.

You know that in bear market that rallies are sold..and that sellers elbow each other to dump stocks. In bull times drops are shallow, and sellers are scarce. That was the situation when I posted..I didn't know it was immediately going to jump, but I did expect the day to end higher.

The period from Dec through March fit the bear description..Since April 1, a bullish phase has been in place. This change could be seen in many of the breadth indicators commonly available on charting services.

There are many good posters on the public sites..I will link you to one who seems to have a realistic outlook on the market..he can be both a bull and bear. He has commentary under the first 3-4 charts. gl/gt

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808