grinding on up - tuesday

Although there are certainly question marks surrounding the recent uptrend on the XJO, it continues to to keep grinding on up.
You can see on the chart the 198 (19.8 Billion) upwave, which made good ground and showed 'ease of movement', and was followed by a couple of low volume pullbacks (39 & 34).
Since then we have had 230 (23 Billion) to the upside, a stronger 'effort' than the previous wave, but the result is less than half the ground made in comparison.
This can also be easily seen in the relative angle's of incline, the current wave being a far more shallow rise higher.
That said, until there is evidence of a change in behaviour to the downside, or a stronger push higher occurs, it is what it is. and we just have to go along with it.

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