3/28 Ultra-Short-Term Indicators: The chart is a bit busy today. I'll be writing about the loss of the CVI and Participation Index in today's DecisionPoint free blog. I've decided that the Net A-D histograms will be a nice substitute. While they don't catch every climactic move, they do seem to square with the CVI and Participation Index on big climactic readings. Today's readings were climactic, especially climactic on the Net A-D. I would look at this as a likely initiation. Meaning, we should see some follow-through on today's move.
Short-Term Indicators: These indicators look good. They actually are showing a bullish divergence right now and they have plenty of room to rise higher.
Conclusion: The short term looks quite favorable for a few days more, possibly into Friday. IT indicators are not bullish enough to expect a longer-term rally.
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