Ripping

The market is ripping the crap out of the Bears today, yet again.

I was looking for a test back down before we got a bounce, or at the least, some more consolidation (see today's video) but it was not to be, unless you count some pre-day session activity.

We are into thick resistance here, which suggests we could PAUSE, but strong momentum and breadth doesn't bode well for an all out reversal.

I completely empathize with those that are looking for a high, I get it, it's tough to believe the trend when it gets this extended, but to start calling tops after one pullback seems a bit premature. At the least, as I've been saying, there should be a retest up to seal the deal. Maybe this is that retest, but we won't know until it burns out. Guessing is what will get you in the most trouble..

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