11 replies to this topic

[CLK]

An up day of any size has about a 1% chance of being followed by a swing down reversal. If you just go back and look at the daily charts, multiple doji's have to be put in first. My daily indicators are turning back up prematurely, which is very rare indicating a new trending move. IWM has broken a double top.

[bln]

Market internals do look healthy so I'd belive the bullish trend expansion will continue during next week. The April 11 was the ST swing bottom and Airedale's ~1470 target looks reasonable. - bln