The Bulls have it

I have noticed a cycle for the last several months in which the market begins a rally at the beginning of the month, peaks about 3 weeks later around the time of options expiration, and then decline for the last few days of the month and then repeats. December is off to a good start with short-term sentiment back to bullish as prices gaped up higher once again causing the background color on the right side of the image below to turn green and leaving a two day Island Bottom on the chart. Click on image to enlarge.