The Bulls’ Best Hope

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I think all of us, bull and bear alike, would love to see a hearty rally in the market. If the SPY, shown below, can get clearly above 100, I think a 16% gain in a pretty short amount of time is in order (horizontal tint shown). Right now the challenge is not to fall away from the lower oval I've circled, where it's trying to make a little bit of a right shoulder (the start of one).