Well, the market has spoken and its going up. See the updated chart below. Also, important if the strong breadth we have in the market right now (10:20)am today's close will turn in to support, definitely bullish.
Tuesday, April 20, 2010
NYSE Breadth Chart Update
I mentioned on friday that we had a strong downside breadth day and that resistence at the close on friday was likely as a result. I also noted that we have strong upside breadth days at 7550. We actually also had one that closed at 7600 as well. So far the bears could take out 7550 on a closing basis. This left me neutral on friday waiting for the market to guide me either moving upward to take out friday's resistence or down to take out 7550 closing support and head down towards 7300.
Well, the market has spoken and its going up. See the updated chart below. Also, important if the strong breadth we have in the market right now (10:20)am today's close will turn in to support, definitely bullish.
Well, the market has spoken and its going up. See the updated chart below. Also, important if the strong breadth we have in the market right now (10:20)am today's close will turn in to support, definitely bullish.
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