S&P follows Dow Industrials Higher
The S&P was always going to take its lead from the Dow Industrials as it followed the latter index to new all-time highs. The percentage gain wasn't significant, but it was probably enough to register it as a return above trendline resistance. As a point of note, the index is still in the 90% of historic overbought action relative to its 200-day MA.
You've now read my opinion, next read Douglas' blog.
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