Undeniable. Those who looked into market participation, internals and breadth can see today was a huge signal that the BULLS are not done. Both my trading signals went BULLISH. The 3 little positive divergences on my proprietary Technicals Model since late June predicted this turn. However I do not think the 7 negative divergences seen vs. SPX mid-April through mid-June have played out yet. My thoughts, SPX gets close to or achieves a new All Time High, before BEARS will get their chance again.
SPX volume is next to none. On the hourly scale it reached the 2444 pivot again, and made many technical negative divergences at today's highs. After a pullback expecting a new uptrend high. The only positive divergence seen on VIX hourly is on its MACD, so it needs new lows, and remains in MACD SELL mode.
Got a marginal Hindenburg Omen today on SPX since its McClellan went positive. Looks like good rotation, with oil traders seeing that with a bullish day taken away as money flowed out.
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Disclosure: I am/we are short SPY.