The NYMO cycle is confirmed up.
We have had steady higher highs and lows over the last several trading sessions.
Interestingly, price has been flattish in spite of this.
We now have 13 open gaps to the downside.
Generally, Mr. Market likes to close a few before making much more.
The keltner bands continue to narrow.
They can continue to compress (up to 50 handles??), but it is fair to anticipate an expansion before year-end.
Perhaps the bulls will stampede, but a test of the 200 MA (or more) would also serve to widen things out.
I am flat and will be enjoying the summer for awhile.
Plan to do nothing unless I see something truly inspiring...