Score: +4
Tuesday’s market has the 52 week new highs on all indexes closing on higher bars. That makes 4 days in a row that new highs have come in stronger. It was Monday’s convergence that made me comfortable that we could break out to the upside today. Now tomorrow needs to follow through or weakness will have crept in.
We missed having a perfect +6 score because the momentum indicators on the Nasdaq and Rut were equal to yesterday, so no point was assigned negative or positive to those indexes.
Video: How to interpret 52 Week New Highs
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