From
"It is what it is Department" : The key point of focus is
Breakout gap. with this type of gap the higher it goes the farther it will fall. gap need to be filled for a healthy market short term. bigger picture bulls had made a big progress in term of short term strength momentum and internals. Dips will bought.
Dip buyers won, however we sliced it.
Momentum and liquidity are improving over all.
Short term is a little overbought at many metrics. My wishful thinking is we will have a bleep pull back in a day or two before moving up higher.
Warning:a drop back under 61.8% this time will force me to rethinking the bullishness. for now find excuse to buy the dip as long as it stays above that level. keep it simple. Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.