Commenting on today’s price action trading Gorilla Trades strategist Ken Berman said:
The current three-day winning streak could mean that the worst of the pullback is behind us, especially since today’s rally ‘lifted all boats’ again. Two ‘bullish thrust’ days, meaning that a large majority of stocks closes in the green, in a row usually indicate that an important bottom has formed, and with the positive long-term trend in mind, today’s price action has to be an encouraging sign for bulls.
