Last week’s internals split the market in half. Notice how the Breadth and A/D Lines were stronger on the up days. This strength in the market was confirmed by a declining VIX that broke down and closed at the lows.
Back in week 11 we reported that a buy signal was printed on the Bullish Percent Index Point and Figure charts. That rally has continued nicely up to this current congestion zone of 805-875 on the S&P.
Back in week 11 we reported that a buy signal was printed on the Bullish Percent Index Point and Figure charts. That rally has continued nicely up to this current congestion zone of 805-875 on the S&P.1
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