For the past few weeks it has felt like we are near a decision point and it hasn't come. This may end up being no different but this is the best the market has looked to me since we topped in June.
We have had a lot of reasons to go down that have failed so far and it seems last week was a subtle change in response to negative news. Back in April before the market followed through it stopped going down on the same news it was selling off on in March.
The bad news never stopped, the war escalated, there was a wall of worry and the market stopped caring.
On July 27 Citadel said we will see a rate hike and the Nasdaq fell almost 5%. Last week we got the rate hike and the market closed strong.

