What is this emerging from the pre-session retest of the five-day moving average? A bird? A plane? Alright… The S&P 500 is putting in a strong trend-day performance on the ADP report featuring widening outperformance in up volume. However, I’d really prefer to see better new high participation, and R1 may prove a strong barrier on the day just about here. We’ll see. (Update: Still running!)
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