Market Closes Above Key Level to Remain Bullish

Yup, still a bull market, a bull shit market. We watched as a bearish pattern was forming and solidifying throughout the day. The markets couldn't rally above the 50% retrace from the morning highs and consolidated in a sideways to slightly up, but choppy manner. We started to sell-off towards the close and if we had pierced the lows or even just remained down around the lows at the close of trading, it would have been a very bearish sign. Problem was there was limited market participation and as we descended towards some bearish levels, suddenly the buying started, eventually propelling us just above the 50% retracement and above yesterday's close, a bullish sign. I said bull shit to begin this post because it is hard to believe that that buying is not a little bit artificial, meaning some entity (i.e. the government), buys up the market to both counter selling pressure and to push price above a key technical level. The last 30 minutes was too unpredictable for me, so I closed out of my long positions before I could reap the rewards of the closing price. Very interesting market that is for sure, we'll see how long it will hold up...