Climax gap down opening, followed by steady rally off opening price. SP - intraday Market just poked through the previous high on a good high volume trend day up yesterday. Is is short term overbought, but any deep morning selloff should find support at 1426 area where there is a 30 mnute grail buy. 1428.5 is also a key pivot, as this was the previous swing high. Weekly charts have a bull flag though, so market should continue on up higher.
Weekly charts are in an uptrend andthis is a bull flag implying retest of the previous high.
Acting poorly the past 2 days when the rest of the market was rallying. 30 minute Grail buy update. Grail buy went sideways instead of up. We were stopped out at 1424.5. If the market now takes OUT the 1419 area, it would imply a failed grail buy and the short term trend would again flip down, in the direction of the prevailing daily trend.