This is a mid term congressional election rally, there is no way of disputing that. The premise is that the market will rally for 2 years from a low made this year. It is clearly doing that. The month that it starts is just fine tuning, the basic theory does not require a specific month.
Whether or not the rally will last that long is anyone’s guess, but clearly it has begun. Watch the bonds, if the uptrend breaks there this rally may not go much farther, if it holds the sky is the limit itleast until mid next year.
