With continued gains to sp'2085 - a mere 8pts shy of a new historic high, the monthly cycle charts are now presenting powerful bullish engulfing candles.. having broken above the Jan' highs. It would seem unlikely the bears can restrain the market from clawing higher to at least the sp'2110s
sp'monthly
Dow'monthly
Summary
A net daily decline now looks completely out of range, and we're almost in classic algo-bot melt mode.
VIX is confirming the growing confidence that the 'Greek situation' is of no importance.. and that everything... yes... EVERYTHING... is fine, -7% in the 15.70s.
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Notable strength: AAPL +1.3% in the $126s