Who triggers New Upside Rallies?
An interesting question. Is there a group of investors that we can say may be responsible for triggering new upside rallies?
Take a look at today's chart and decide for yourself.
This chart goes back to July of last year and shows the instances where the Institutional Investors have changed their "directional shift" to positive (above zero).
There are six instances showing that shift, and if you you look at the S&P 500, you would have to say there is a pretty good correlation, wouldn't you?
