Quite a pop on very strong internals, though I will note that tick highs are down ramping, and that SPY price is just at potential resistance between the 20- and 50-day moving averages. Even if we peel off the trend day premise this afternoon or tomorrow, intermediate-term it’s encouraging to see the McClellan Oscillator turn bullish.
Congratulation to ETF Prophet contributor “Doc” Martindale on his first post series “Structure – An Important Aspect of Trading.”
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