Thursday

Market Forecast Indicator Shows Bullish Investors How to Climb a Wall of Worry.

The SPY’s Market Forecast multi-timeframe oscillator suggests more near-term bullish follow-through to come but the indicator’s long-term oscillator continues to suggest that any rally will be short-lived.

Two trading days ago, the MF-M (red) momentum line closed above 90; yesterday, the blue MF-NT (blue) near-term line followed suit and nudged past 9…