Awaiting the Approaching Pullback
Yesterday I mentioned that bull markets will often pause a few days after being overbought, and that pause is all that’s needed before the next leg higher occurs.
The last three days of sideways movement in the US has brought the market back to neutral conditions. The bias remains higher in the US but there are a lot of short signals in the global markets.
Many of these markets are now overbought and are due for a pullback.