Cheap money has fueled a stock market rally to never seen before heights. This week almost every Index under the sun hit a new all time record high. Just how much longer can this bull market last?
There is no doubt that the market acted very bullishly today. The S&P 500 formed a double bottom at 1926, then went on to form a hammer reversal, and then finally made a bullish engulfing candle, in which it recovered yesterday’s losses. But are we clear for takeoff yet? Not quite.
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