A.) Prices are above important resistance levels.
B.) The EMA picture is bullish -- the shorter EMAs are above the longer EMAs, all the EMAs are moving higher and prices are above all the EMAs
C.) Momentum is positive as is
D.) The money flowing into the security.
Take a look at the IWRs (mid-cap) and the IWMs (small cap). They all fall into the same pattern.
However, with the IWMs note the dip in the A/D line which could indicate some profit taking.
