Good economic readings combined with strong seasonality have provided us with a nice up move containing nearly all the components for a verified trend-day. The only lacking component I’d say is an upward sloping A-D line, though it is certainly very net strong. The VIX is down over 9% at the time of this writing. Will the markets finally break out to new levels on this third attempt higher? The choppy mild down-trend channel remains in tact for now.
