There is so much talk about the economy struggling, and also about good old piper boy ben bernanke culling the quantitative easing program, alot of traders do not know what to do, act or how to behave. Right now the bears are getting slaughtered and the bulls are getting exhausted.
As you can see on the chart below, the US BONDS CHART has been in a downwards channel for the last few weeks (start of may 2013)
The US BONDS weakness has given fresh new life to the S&P and entire equities market. We have been hitting fresh new highs the last few days, and have not seen a serious correction for 178 days now. No matter what the news is saying, we are in a bull market. The best thing to do in a BULL market, or a BEAR market is just sit back and follow the charts and not listen to mainstream media too much.
If we remain in this bearish downwards channel it is likely we are going to see higher prices, and fresh new highs come on the market. Time will tell.
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