Score: +4
The close certainly was not encouraging for the bulls, but we did add new highs, even into the close today. Tomorrow we will have to rally up to SPX 1081 again to keep the score bullish. It really could be just a one day wonder as the cycle now become more difficult to maintain the momentum line. Turn around Tuesday will have be a break away day.
A bullish or even neutral score tomorrow is necessary for a bull story.
Video: How to interpret 52 Week New Highs
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