Daily Index Cycle update

The main indexes managed to hold onto the Tuesday gains..and this was yet another victory for those who are incessantly buying the proverbial dip. Bears are powerless, unable to hold the market down for even a few hours. Its an entirely laughable situation.


sp'daily5

Summary

Another day where minor opening declines failed to develop into anything..and with nothing going on...the algo-bots took control.

Melt up....fuelled by POMO $.

Its that simple.

We shall see endless months...years of days like today..until the POMO train stops..which it might never.