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Published on Aug 29, 2016
The
S&P 500 rallied during the course of the session here on Monday, as
we continue to go sideways overall. That being the case, the market
should continue to grind sideways overall but I think that there is a
bit of a bullish overtone to this market, as the US markets continue to
enjoy a stronger economy than comparable ones. Ultimately, I think that
this market that will reach towards the 2250 level, and perhaps higher
than that. I think that pullbacks at this point in time continue to
offer quite a bit of support, and with that being the case this is a
“buy only” market at this point. The market has been extraordinarily
strong until recently, but if you notice, the lows keep getting slightly
higher.
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