Year-End Rally?

Many indicators are at or close to the April highs. Since the indicators are inverse, they are telling us that a statistical chance of a strong, high-volume advance is low, but the chance of a mild correction is high. Thus, short-term caution is advised with day traders taking positions on rallies up to intraday resistance lines. But, as I said before, the long-term and intermediate-term technical readings remain bullish.