Aug 11/14 – An oversold rally or the resumption of the bull trend?

Friday’s apparent de-escalation of the Ukrainian conflict was all the market needed to rally hard off oversold levels.

Now the question on the minds of traders everywhere is whether this is the resumption of the previous bull market trend, or merely an oversold rally.

Right now I am leaning toward this being an oversold cleansing rally, but there is alway…