The S&P 500 punched through the last 10 day churn and made a new trading and closing high. The Small Cap also broke out it’s Bull Flag but did not yet make new highs of any kind. The International did have an up day but is still entrenched inside it’s Bull Flag. Here is the question, is this the breakout? Is it going to start a week early than even I thought? Who knows, but the odds our favor that a breakout to the upside on a Bull flag or past uptrend will continue higher.
For those that remained in the market, today was your reward. For those that are outside looking in, today was a buy signal on the C and S and as long as tomorrow holds the breakout levels marked on the charts below, your in. If you are waiting on pullback or collapse before you get in the market, then at least rest your funds in the G-fund or L-fund.
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