This morning’s rally pushed the S&P500 just above the previous session’s high, marking the sixth consecutive session of higher highs. This price pattern has been a fairly reliable indication of… Login | Subscribe
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NYSE new 52wk highs: 424, the fourth consecutive session >400. Only one comparable period in history - Dec '03/Jan '04 $$ 12 hrs ago
TICKscore close +14, 19th session out of last 20 >0. Cumulative version in new highs, killing possibility of neg divergence $$ 13 hrs ago
Cumulative TICK pushing into new session highs, nearing +40,000. TICKscore +6, cumulative version only 5 away from Oct high $$ 16 hrs ago
CBOE equity put/call ratio running very low at .42 - haven't seen a close that low since last August $$ 1 day ago
Since 1990, $NDX about twice as likely to be trading higher one week after four consecutive 2-day RSI readings >98. $$ 1 day ago
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Buyers Send the S&P500 Above the Previous Session’s High for the Sixth Consecutive Session
By Rennie on Wednesday, July 1st, 2009 at 1:08 pmThis morning’s rally pushed the S&P500 just above the previous session’s high, marking the sixth consecutive session of higher highs. This price pattern has been a fairly reliable indication of…
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