If the S&P can’t break through the 2940 level, the bull market is over. The 2940 level has now been tested 5 times and failed each time. Failing to break through 2940 would make 2940 the first lower high.
I have an investment analyst who has the theory that a very long sideways move will have an exceedingly large and long breakout to the upside or down when the breakout finally does happen. Gold has been in a sideways movement now for 7 years. I think its time has come, especially as the Fed seems to be talking easy money again. The government thinks nothing of trashing the currency if that is the way to keep the bull running. I leave it to you whether that is wise.
Is it over?
Is this the end of the bull market or just another correction?