there so high it will be well into a turn down before we start getting significant new low readings, imo, i think the seeing if new highs start dropping sharply would be the leading indicator given how far the stocks have come.
As USUAL, as has been the case throughout this rally we must get the critical supports to break, and thus far they have not for this now over 6 month rally.
We remain firmly in a bull chair if a strong downside follow through does not come tomorrow.
We are closing at levels that could lead to a
strong bounce tomorrow--if that happens, we are still in the looking for a blow off top mode.
No question this is a bullish close today---all key breakdown points were rejected.
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