Divine the Direction

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People tend to “switch sides” almost instantly these days; if the market drops a day or two, everyone’s a screaming ZH-obsessed bear, and if the market rises during a single session, everyone becomes a here-come-new-highs Yellen-lovin’ bull. But take a step back and see what the NQ has been doing the past few weeks, and I think you’ll see that, on the whole, the intermediate-term direction is pretty clear.