Wall Street’s Rally may Look Bullish, But Sideways Action is Still King
Even though Wall Street’s rally this week may have looked bullish, sideways action still reigns supreme.
Last week I noted the market was tough to read and this past week’s action certainly confirmed my thesis: the consistent theme was choppiness!
But, the Dow is back to new monthly highs and that could be a bullish indicator. Still, I think sideways action is still king.
That’s it for this week. Let’s hope the summer rally lasts more than two days!