You have to understand, Zeev has a Doctorate in Mathematics so thinks in concepts and ideas that most of us haven't even heard of. So to explain it, he would have to first teach us advanced mathematics. He probably has better things to do. But he as best as I've been able to discern uses some fractal ideas, some calculus, mixes in some physics (he has a degree in physics) and stirs it all around and what comes out are turnips. <g> Hey, what do expect from a "turnip farmer".
TICK after being in a triangle all morning, broke to the upside around 12:20 and hit 1000+ at 12:51 for the first time today. PREM depending on how you want to draw the lines was sort of in a triangle too, but it started turning up around 12:00. PREM now just going sideways. COMP and NDX are lagging here. Dow and SPX managed to get new HOD's.
Looks like the COMP and NDX were in wedges that broke up. Dow and SPX have just been doing higher highs, lows today.