Market sentiment is swinging to bullish. Need higher volume to push through 1130 next week.
Long early this week on dip.
Positive economic data flashing out these few days - China and US, .... 4Q coming, sales should pick up (a norm)... Q4 P/L from retail sales likely positive growth and will help to boost sales.
BDI and CRB, and Copper keep trending up (watch MA50 and MA200 cross over - daily/weekly). RSI >50 bullish.
S&P 500 (NYSE) may pull back early next week but... It's a Mind game and testing of your Emotions!
Personally, I think positive bias and watching 1130 to cross, and move higher. Hope Friday closing near 1100.
Will there be a 4th time repeat of reversal back to 1040 or lower after near 1130? Unlikely but again, to trap sh... if it ever happens (mind subconsciously programmed with the repeat cycle... earn thrice but squeeze one big one) ...
Have a nice weekend.
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