That being said, this interday chart and the longer term one in the update below it, says it all.
We shot straight back up to a band of resistance which is the last line of defense before an assault on all time highs..at least in the S&P.
As this market has basically gone straight up for the last 5 days, expect some consolidation and choppy back and forth trade.
We will be watching carefully and looking to uncover subtle trends that are so key in this stage of such a move.
If you'd care to receive this essential detail in real time, you can do so by becoming a Premium Member.
As it's said that "A picture is worth a thousand words", we'll leave you with the link to the Annotated Chart Alert(The Hammer That Saved the Day") that we shared with our Premium Members shortly after we picked up on a weakening in the prior trend on the morning of the 5th of February..right near the bottom of the recent pullback
So, even if you don't care to act on our specific stock suggestions, this kind of related analysis is indispensable.
And speaking about indispensable stock suggestions, just input the symbol for any stock of interest (GALE, PLUG, CPST, CNDO..etc..etc) into one of the many Search Boxes found on our site for a history of our posts/analysis.