All three indices today made both higher bars and turned their 5 day moving averages positive. This is a sign of building strength. The NYSE made a higher new 52-week-highs value today (311)then the previous new high from 6 days before (see how the magenta bar slopes up.. if we draw a bar on the NYSE index it would be sloping down) but the NYSE index did not make a new highs today. That is a bullish divergence and adds strength to the charts for the bulls case.
I think we can begin to build the case for the start of a thrust. My worrisome indicator is the Zweig which did not start from over bought as most thrusts do.
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