Getting Technical

Here is Joe Feshbach's latest trading call: "The market has rallied according to plan accompanied by improving breadth numbers. The put/call ratio has moved back to neutral (chart). I would’ve preferred more skepticism on the rally. So while the market should eventually get to the upper end of its trading range it could get a bit bumpy soon. The chart I alluded to last week remains bullish and I believe it is signaling a very good probability the two highs in the S&P 500 at 4100 will eventually be surpassed."