The Expectations Indicator stalled short of high expectations signaling a potential pull back in the stock market. In the past, this event has typically given investors a great opportunity to buy in an overall bull market biases. Since the expectations indicator did not move in to high expectations, the stock market still should maintain its bull market bias.
I would begin to look for support in the stock market, before the market moves higher, at 13,050 to 13,200 from a technical point of view, but any sign of real support should be viewed as a pivot point for the market to move higher according to the Expectations Indicator.
The Expectations Indicator is revealed in The Art of Expectations available on Amazon.com today.
The above information represents the opinion of the author and does not constitute financial advice.