The Bulls Run Into September

The market is overbought and these levels are not sustainable on a short term basis.

Traditional behavior is for at least 1-2 days of a pause/pullback before the next leg moves higher. Overall though the bounce back from August’s 3% decline in the S&P is longer-term healthy and confirms that the bull market remains strongly in place.

The above excerpt is from Larry Connors’ Daily Battle Plan A professional-grade trading information service that will help you understand the quantitative metrics behind each day’s market conditions and how they point to selective strategies for high-probability trades.

To take a free trial to Larry Connors Daily Battle Plan and receive his market insights and ETF trade set-ups for the upcoming trading day, please click here.