Just what we want to see

spx_weekly2

This is a script for the Bulls.

Buyer dominated volume above the 50-day moving averages for the major indexes is just what we want to see.

As seller volume dries up on down days, like it has been for for the past couple weeks, we feel less inclined to keep our Bearish bias on.

But we move slow.

Analysis of the market for our time frame of trading is best done on a weekly basis.

But as long as things continue to hold up, we expect that top-rated stocks will eventually setup as buys.

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