I believe we are in a bullish market mode with a stealth bull move in the market. The liquidity is still there. The Fed hasn't reduced its balance sheet yet and commodity prices have come off their highs. I'm looking for a move higher overnight.
Ultimately, I believe the commodity markets will surge once again and stocks will drop once again but in the short term, I am anticipating higher prices. We see this slow grind higher and as we come into the July 4th holiday, we tend to see markets move higher around holidays.