I wanted to show you the current status of the Small Cap index, (S-fund), and the follow through that we like to see. Remember it is early and price can reverse just as fast as it rises. But this is how we stack the odds and put momentum in our favor.
So it is easy to see above that price is doing all the right things. See that little white flag at $877.54? That is where I expect price to at least pause or grind for a bit. Why? Setting new highs and that’s where price reversed last time. Now the S&P 500, (C-fund), is making very good progress but has yet to officially fire that buy signal. Let me show you below.
You can now visually see the progress but no signal has been fired or confirmed. I know we only have two moves a month, but sometimes we have to sacrifice those moves based on what we see.
There are no revelations here, I just wanted you to see what I see at this moment in time.
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