Edges

On July 24th the post looked at the how the advantage might be turning to favor the bears. Selling the rallies would become easier as the market struggled off of new highs. The edge maybe returning to the bull side during this week as we probe the ranges and try to base. The volatility crowd is convinced the large ranges are here to stay which is a fade requirement needed in any attempts to round out a base. Anything beyond this week will depend on the strength of the weekly close.