The same analysis applies to the SPYs and the QQQQs
A.) Note that prices are floating around the EMAs. Also note that prices are in a pennant formation. Finally, the EMA picture is fairly bullish -- all the EMAs are rising and the shorter EMAs are about to move over the longer EMAs.
B.) Momentum is increasing and
C.) Money is flowing into the market
A.) The transports printed a strong bar yesterday on the news of increased transportation sales in the durable goods report. Also note the bullish EMA picture -- the shorter EMAs are moving higher and the shorter EMAs have moved through the longer EMAs.
B.) Momentum is increasing and
C.) Money is flowing into the security.
B.)
