As huge as this run has been, it’s a bit comical to compare it — along with the last nine month’s trade — to those three fateful days in early October of last year (see below). Back to the present, after a minor opening dip, internals have been steadily strengthening as we reach new rally highs and cumulative tick goes net positive. Price action has also been very steady off the open within a narrowly defined 45 degree up-slope.
