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Friday, March 15, 2019

Daily update 3/15

Break out?


SPX closed above all the important highs since the correction began.  However, it closed off its high and only 1 point above the Wed. high.  Breadth was only +57% which is not much for an important  break out.  This not very convincing at the moment.


The futures closed at a rally high.  They don't tell us much else though.


The green count crossed above 50, but just barely.

Today's break out was not very strong.  The bulls will need to keep it going next week.  Will they show up again?  I want to see confirmation by a close above today's high.


Have a great weekend.

Bob

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