Equities continue their longstanding run higher to the top of recent channel.

The SPY and QQQQ are running just above their respective R2s, and are now back into official overbought status on the daily timeframe.

Related posts:

  1. 12.20.07 – Can’t Catch a Bid
  2. 04.28.10 – Noisy Trade
  3. 09.11.09 – Negative Drift
  4. 01.07.11 – S2 Catch
  5. 08.12.10 – Coiling Under Pivot