We continue to build a higher differential between new highs and new lows on a ten day basis. More importantly today we crossed the boundary and made more new highs than lows. The trend continues to increase and tomorrow we begin to hit some low hurdle bars that could make changing the momentum indicator to the upside easier. The task for tomorrow for the bulls will be hard with Wednesday’s sell-off but a rally back should restore the charts to the bull-side. An inability to regain Wednesday’s sell off will most like put the charts into bear territory. That easy. We must rally on Thursday.
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