Show of Force

The Dow and S&P 500 posted strong Accumulation Wednesday in a show of force from institutional grade buyers.

Volume patterns over the past week suggested a drying up of sellers. If doesn’t go down, it goes up.

But a glance at the weekly charts shows major overhead resistance to be dealt with by the indexes. Nothing ever goes straight up.

We’re still on the hunt for top-earning companies with stocks setting up in sound technical bases.

spx_weekly_view

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