Here is an interesting chart, taken from www.xtrenders.com website. I am posting it here, as it really resonates with my own expectations.

Right now, we are in the market, where every small dip is being bought, a lot of positive news coming out, media starts to talk more and more about the “recovery”. So, all in all, the public’s mind is shifting towards “booming economic times ahead”, while some more sophisticated players are quietly selling their assets.

I believe, we will be stuck in a 70-90 point range till the end of the year. This is a good environment for a Wyckoff Top being formed. But it’s only a speculation at this point. Right now, the best way to trade this market is to ride it sideways, by buying support and selling resistance. There are also different strategies to multiply your earnings with options. Check out MarketWatch to find more about it. Click to get your Free 30 Day Trial of MarketWatch’s Proactive Options Trader Newsletter.