With the bullish impulse wave still intact, this market is still has a short -
term bullish bias which reduces the weight of bearish formations like a pin bar, or lower high until the impulse is negated.
The U.S. stock market has a long
term bullish bias.
The stock market is different from forex and commodities: it has a natural long
term bullish bias.
The U.S. stock market is different from all other markets in this respect: it has a natural long
term bullish bias (until the day aliens come and annihilate the U.S.).
Not exact matches
Nevertheless, based on our March 28 technical analysis of the semiconductor sector, we are still
bullish on the intermediate -
term bias of $ SMH.
Still, the underlying
bias was
bullish in this market and certainly longer -
term there was a clear up trend.
And that same neutral near -
term bias on monetary policy was reiterated in Lowe's speech, which is likely why the Aussie's
bullish reaction to Lowe's speech didn't have a lot of follow - through buying.
As long the price stays above this area, the short -
term bias remains
bullish.