Been running up that hill and your tired aren't you Mr.Bull

Look at the wedge that I mentioned this morning. SPX broke out nicely of that wedge. Notice that the indicators on this chart look like bullish. So "Short-Term" there may be some more room to the upside. Maybe to 860-865.


Daily for the SPX, it is up against the Nov downtrend line. Could the third time be a charm? Notice how SPX bounced off the March trendline today.


Let's look at MEGA B first tonight: The trends are still intact, the move is to the upside. One thing to really notice is the lack of volume though. Look at today's up volume. It was horrible. Volume will be key to watch again tomorrow. If there is a lack of it, we could see a move to the downside.
(I didn't realize for 2 days I had $NYAD in there which I was reading as $NYADV(somehow that V got deleted). Don't worry they were giving almost the same readings. Pikermove! )


MEGA- Everything up ticked again. Even $SPXA50 is back up and above the 400 line. Again as I mentioned if this chops around in there, it is still bullish.
$NYMO is up but it's getting weak too. The EMA is turning down/stalling.

Overall price action is indicating some more upside in the market, but the indicators and breadth are showing signs of weakness. Again unless we get some strong volume to the upside the rally looks to be losing it's steam.

LET'S GO RANGERS!!!!!!