sp'daily
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Trans
Summary
Another day the bears will want to forget. The brief 10pt drop from the Wednesday 'FOMC minutes' spike high of sp'1657 to 1647, now looks a long way down.
The sp' has managed a 115pt ramp across just 13 trading days, and that is pretty incredible on any basis.
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Underlying MACD (blue bar histogram) cycle is still ticking higher on all indexes, and is in exceptionally strong-positive territory. It is going to take some 'weeks' for this level of price momentum to be worked off.
Bulls..are absolutely in full control, with the sp'1700s looking viable as early as next week.
a little more later....