.....there's a strong vpoc area mid 70's that we busted through...

.....there's a strong vpoc area mid 70's that we busted through and the most likely target for a return, orthodox level 1170 flat as a likely entry for longer range buyers.....the strength appeared good, but, i think and especially based on the volumes, that, we're simply seeing less seller involved than more buyers .......

the SX7P chart i posted a few days ago has finally shown what looks like a V rise and this alone would be giving the banks/financials a lift in the US and will be noted here in Aus too, on a big-picture pov and this may also be the case for the XLF etf in the US.....these are not to be ignored imo as they are precursers for a much broader game than what we see in a 60 min chart.....

The SPXA200R is at 29.4 (big whooptee!) where's the participation? The TED continues to rise, an anticedent to a bull market and the NYAD cumulative looks as though it is begrudging in its move yesterday and was the merest divergent to the recent low so we have a few "at-odds" signals that the people who want higher prices have to deal with.....maybe we're seeing the definition of a bounce in action

SX7P

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