several marketplace position indicators that I runway closely in addition to showed how they were reflecting overall bullish trending. Above nosotros encounter novel 65-day highs minus novel 65-day lows (red line) for NYSE, NASDAQ, in addition to ASE stocks plotted against daily closes for the S&P 500 Index.
Note that novel highs are expanding, non contracting. This is what we'd expression to encounter inward a marketplace position that is gaining strength--and poised for continuation--not ane poised for major reversal.
To last sure, we've seen several consecutive days of rising prices in addition to are due for roughly consolidation. To this point, however, the novel high inward the advance/decline employment for NYSE mutual stocks in addition to the expansion of the expose of stocks making novel highs advise that whatsoever such consolidation may last express inward fourth dimension in addition to extent.
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