XJO up today +0.7%.
XJO continues its bullish rally and is clearly in a bullish PRT Zone.
RSI is getting close to overbought and a negative divergence on CCI portends a pull-back in the near future.
XJO is now at a major horizontal resistance level. It may pause here, but another test of the early January high may be in the offing.
Stocks/Bonds Ratio chart continues to rise to levels not seen for many months. So a pull-back in stocks is not far off.
Breadth continues to be bullish.
I'm concerned by this chart. Although bullish, the chart is not particularly strong. It appears to be in a sideways consolidation, not in keeping with the XJO chart. That's a concern.
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