Last update discussed how INDU's chart implied the market was still going to head higher one way or another, and that proved to be decisive:
BKX still hasn't sustained a breakout over 109 (it's over 109, but this breakout has not been tested yet), but it's close:
That's relevant because it would imply a bull nest in BKX, which would likewise need to see SPX rally more considerably:
In conclusion, the read of the INDU chart last update proved to be correct, now bulls are just trying to decide "how high?" By all indications, they have plenty of room to run if they so choose. Trade safe.
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