Score: +2
Despite the selling in the afternoon, the bulls with the strong open get credit for the 52 week new highs that were racked up. We think a couple days of weakness are in store as price relaxes to a more attractive level.
Nice spike in 52 week new highs.
The 10 Day cycles remain flat
The 50 DPI is nearing peak. Since we are modeling the Sept, Oct bull run, the red lines mark the peak of that run. The NYSE is there now so we would expect to see the NYSE slow relative to the Nasdaq and RUT, both which have a little head room let.
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