wednesday, the day no one wants, page-3

What does the SPX chart tell us....

Firstly, we notice the ranges on the corrections getting smaller as we head further into Bull market territory.....

This is saying that confidence is growing as the market moves higher, dragging those off the sidelines into the battle.....

As ranges often match, when looking for a high of any meaning, the nearest point is approx SPX 1550, which would match the points of the last rally....

If the current scenario seems unsustainable, history tells us that anything is possible....

Financials do seem to stretched to the limit, however on the other end of the scale, Materials are only just in the beginning of a NEW ERA......

Watch as the cross currents work their magic....