Must be the FOMC minutes, still looking for the range high. It could be a down in the morning then up and up till the close day though, we'll know here if it keeps going up after the minutes.
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Long Time Guru Mark Hulbert calls SKEW the ‘black swan’ index
[Spoiler: “I’m not convinced that the SKEW’s high recent readings mean that more traders than usual are betting on a sharp decline … In fact, it’s possible that the higher SKEW index reading means just the opposite.”] https://www.marketwatch.com/story/what- ... 1625642794
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Maybe the pullback was over, bulls decided to challenge the new day high?
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THE FOUR HORSEMEN plus CONSUMER DEMAND
20 days
(using KBE big banks instead of XLF all-financials, and using RCD equal-weighted discretionary instead of XLY discretionary)
(if you put XLK in there you’ll see who leads by a mile, but we all know that already)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.