Bullish Follow Through

Stocks delivered bullish follow through on Monday.

Stocks formed a bullish reversal off of the 10 day MA on Thursday. Stocks then formed a swing low on Friday to signal that day 13 was a half cycle low. Stocks delivered bullish follow through on Monday, causing RSI 05 to become embedded once again in overbought. That indicates that stocks are resuming their intermediate cycle advance

Stocks appear to be entering a melt-up phase.

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