Above is a daily nautical chart of the S&P 500 Index (SPY) amongst the seat out of NYSE, ASE, together with NASDAQ stocks making novel 65-day lows printed below the relevant bars together with the seat out making fresh 65-day highs printed above. You tin sack run into the designing of dwindling novel lows and, recently, expanding novel highs. After pulling dorsum together with belongings support, the marketplace is inwards rally means today. An expansion of novel 65-day highs higher upwardly the 480 degree registered on 4/7 would confirm that nosotros have, indeed, seat inwards an intermediate-term bottom inwards stocks. Influenza A virus subtype H5N1 furnish to the trading make of the by several days would manifestly invalidate today's breakout move.
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