It looks like the market is about to be upgraded to 7,000.
Given last week’s trading results, it appears that investors may have to endure a further consolidation of stock prices and experience more uneventful trading days ahead.
I mentioned last week that market participants were equally divided as to where the market will be heading. This was prompted by the way how they saw the market’s behavior in the last seven weeks or so—especially in July.
With only one more trading day left before the month of July is to end, I thought it was both interesting and gainful to determine where the market could already be from its current cycle of movement or activity considering how it performed all along during the month.