It seems we were SPOT ON with our previous post today. Patience paid off.
The market had thrown a bullish flag pattern, which is obviously bullish, and the S&P finally did break out of this flag and took off to the upside.
You have to take your hat off to technical analysis and this was almost text book. 3-4 day bullish flags work the best with the indicies, and we would not be surprised to see the market go a higher obviously.
The tick reading below is at +175 and still has some room on the upside too.
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