sp'60min
sp'daily5
Summary
Ignoring the intra-day nonsense for this hour, the daily charts are still broadly heading higher. There is no underlying turn lower, and in fact, we don't even have the first sign of a levelling out phase.
The good patient bears should probably still be waiting amongst the trees.
There is simply no real power to the downside. A dow 100pt fall is nothing to get excited over, its not even 1% ! The fact AAPL is +$16 sure doesn't look good for those currently short.
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