This is the money time for me and @RaginCajun inside 12631, with plenty of stocks moving higher. So, I am going to get to the point. Updating yesterday’s 30-minute descending triangle that I pointed out on the SPY, you can see below that a high volume upside breakout won out. We are flagging high and tight so far, but a bit of a retrace would not surprise me either.
As has been the case for a while now, focusing on the proliferation of individual issues beneath the surface should be as important as any other factor in determining your market posture.
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