The New CS Board

[sharpshorts]

A bullish scenario ...
(my T/A bias is almost always bullish)

Techs and Industrials are leading...broader markets lagging, relative to and measured by
the 138% - 150% Fibonacci Extension levels from the lows.
The intensity of the run up from October is slowing down as evidenced by the diminishing TRIX histogram (in with price)
and the diminishing MACD histogram (in the study)...Pretty normal action after the explosive "V" bottoms.
Granted the MACD EMAs are slower to react but they are still showing a strong up trend...
Their crosses to the downside may prove to be false flags...
Because:
The Stochastics have finally dropped out of over bought and are curling - staging for a continued up trend.
The MACD histos are displaying reverse divergences which I consider to be continuation signals
when price has been in an up trend...

Leading

Lagging....................Re: the RUT's megaphone suggests an upper limit above June's high to around 1220.