Snoot - Correct. Also last month the SPX Daily dropped below the LTL and looked like a for sure Phase 1, then I believe the Job Report came out the next day and it leaped back above the UTL.
I believe there was some question as to how they counted the furloughed government workers.
I have a feeling a lot of creative number crunching is being done.
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."