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We're bullish largely because the US stock market's primary trend is up, there's no concentrated bearish energy build in the composite equity DI, and the VIX Model is bullish (see chart below). The last observation is the most important. Follow these trends in the Matrix.
I will warn again, if the VIX Model turns bearish, you should not be bullish. If that happens, we should all be seeking the safety of the sidelines at minimum. I have presented numerous 'irregularities' from sudden appearance of overhead reversals after a long rallies, increasing volume (force) as price breaks the ice to a primary trend flip UP in the US Dollar Index as suggestions that the message of the market is turning defensive.
The buy the dip crowd has been saying the same thing for years. They, including the ones citing extremely limited timing models, have been right. Don't be lulled into complacency by them. The 2x4 tends to be the teacher when assumptions fail. Free your mind of assumptions. That can only be down by studying the Matrix.
The VIX Model
S&P 500 Weekly (Secondary) Trend
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