S&P 500 Re-enters Price Channel -- Is the Bull Market Back On?

Key points in this video:

1. The S&P 500 is back in a price channel that it was in from August 2011 to August 2015. This may signal the bull market is back on, especially if the market can hold a test of the bottom trendline.

2. Related to the S&P 500 seeing strength and surging back into its former price channel is the weakness seeing on the US dollar. Gold/US dollar is at a previously-tested support level that coincides with the 50 SMA, while the US dollar/Chinese yuan exchange rate has bounced off resistance and is also declining. These trends, as well as the strength in the S&P 500, might last at least until the US dollar finds support on the US futures dollar index (DXY) and the FXCM dollar index.

S&P 500 Re-enters Price Channel -- Is the Bull Market Back On?