US bank holiday and the indeces

Today US celebrates Independent day, so the volatiliy gonna be much lower, anyway tha market waits for Friday’s Job data. Since 24th of June we are in nice bullish pace, with only 2 correction days. During the night Asia bounced back again, they are over 1% generally, Hang Seng +1,46%, Sidney made +1,07%. The optimism was not on Nikkei it went down a bit. Everybody keens on the nonfarm payroll report on friday, Which give us clear indication of the market’s direction.

Technically the S&P500 made break out  - on daily chart - 2 days ago from the long term sell correction at 1610, now the way is empty to go up to 1650. This is the optimistic scenario, but my bet it is the realistic.

I found some very interesting charts from Barclays.

In the history of US markets since March 2009, S&P 500 made the 6. longest rally in the last 113 years, and made during this period 127% gain. 

First chart about the how long is our current bullish rally:

Second chart about the performance:

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