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Wednesday Evening Liqueurs. 29 June, 2016.

XJO up today +0.77%. Volume was still a little below average - that's not a big problem early in a trend change.

Here's the XJO chart:



Today's action wasn't especially strong in the context of recent volatility. The chart remains below a major horizontal resistance level (blue horizontal line). The chart is also below the recent up-trending channel. So this is not out of the woods yet.

Positive divergences on the short-term Stochastic and CCI both suggest further upside.

Now, here's a chart which is overwhelmingly bullish:



This chart shows the number of advancing stocks per day. Today shows the highest volume of advancing stocks in the past two years. That's a massive vote of confidence in this market. That's a game changer.

RB.