Video Source: www.youtube.com
Tuesday was another going nowhere day which actually favored the bulls. It favored the bulls because the bears have yet to take control of the action. In fact, as you can see, the bulls have managed to stay above key technical levels for over a month now. As long as this remains the case, my thinking is stocks will go higher here and nothing will confirm that thinking more than if the S&P clears that 1426 level.