Could very well be smart money positioning itself. It should have shown in the Trin's though, I am not sure about the source of the money flow and how manipulatable it is. Nevertheless, too many other parameters force me to reshine my horns (which, I admit, once more were put on a little prematurely). I thought the January March would be a normal retrench within a cyclical leg, with the March bottom reconfirmed here, this looks more and more like the termination of a relatively mild retrench (only 15% on the Naz), with extreme bullish reading on the retest, a very powerful combination from the technical point of view, IMTO. Ringing the bell, again.... (g)....
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