Well, inside Chairman Bernanke’s head anyhow. It has been erratic sideways trade during the testimony post opening noise; however, market internals look quite strong, so perhaps we can break to the upside after the hearing. The only negative I see on the daily time frame, and it shouldn’t be discounted, is that momentum remains slightly to the downside on the MACD and Net New 52-Week Highs meaning this morning’s strength has yet resolve yesterday’s big move.
