Bulls are back?

After a long-long red sentiment on the indexes, this morning all the indexes turned in recovery mood. Everything is green now. They gained a lot this morning. The news behind that the lawmakers are getting closer to an agreement in Washington. The markets welcome signs that U.S. lawmakers are open to a short-term increase in the debt ceiling.

 

The US futures are in positive territory recently. On Tuesday the market showed to the politicians can do massive fall if there is not any agreement. That was a clear message from the market to the Capitol.

 

Technically as we forecasted yesterday the Dow was grounded at 14.750. We need more confirmation for long side at least a follow through day tomorrow or Monday. The sentiment is still sceptical, 75% is bearish sentiment at twitter on DJIA. Which could help a fast and robust upside movement within few days to the resistance level of 15.200 and then if this taken to the 15.360 area.