Please also note the meaningfulness of the move as it appears coordinated:
- USD down
- Gold down
- NASDAQ and SPX breaking out at the same time
- RUSSELL 2000 turning back into the uptrend and providing breadth
- Supportive corporate news flow:
* Good corporate
* Abundant M&A
* Share buybacks
It seems all systems are in the green for the US Equity market. DJIA is yet to break above 20,000. If this were to happen, the breaking of this significant psychological level would lend further credence to the current uptrend.
This now looks like a beautiful, coordinated move.
All major US indices breaking out at the same time.
Watch the DJIA close > 20,000 for confirmation.
Don't fight the trend, this market wants to go up more, it seems...