The SPYs continue to move higher. Notice that today's candle was strong, although on weaker volume. In addition, the trend further extends the rally. While today I previously said the market can't continue this upward trend, I still maintain that statement. Simply put, the trajectory is still too high. I would be far more comfortable if the market was moving sideways right now. However....
The transports moved higher today in a big way. That is good news for the rally as this adds confirmation of the trend.
