The stock markets have been very bullish last week. Is it the start of a new bull market?
Let's examine the "usual suspects":
1) S&P500 is reaching a new high since its low made last March. It reached 1026 after 4 consecutive days of increase
2) Oil did break out at 73.89$
3) US dollar index is testing its previous low located at 77.5.
4) EUR/USD is at 1.4330. Resistance is at around 1.4400. I am getting prepared to enter a long position.
5) The Shanghai composite index, after falling 19% since its high of 3478 on August 4, started to rebound.
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