A Good Finish For Bulls
Nothing spectacular but after day's of tight intraday action, today's action belonged firmly in the bull column. In percentage terms there wasn't a whole lot to today's gain but relatively, the gain was key. For the S&P we now have a new closing high on slightly higher volume accumulation. While the MACD has flatlined there is still bullish accumulation trends in On-Balance-Volume and relative performance, alongside strongly overbought stochastics; what is bullish stays bullish until proven otherwise.