The ES was higher by 3 on the day. This is a marginal new high on the move and leaves price just below the 50dma.
The NQ futures also made a new high on the move breaking above the reverse head and shoulders neckline. The next challenge for the advance will be the 50dma and then the minor 3/8 Murrey math level.
The total put/call ratio is dead neutral:
Our 10-day Trin is also dead neutral:
Multi sector daily chart:
The SOX/NDX is on the verge of a positive turn which would be bullish for the overall market:
The positive turn in the Dow/gold ratio remains elusive and is still negative for the overall market.
The XAU continues to build on its positive construction. This is a new high close on the move.
The SOX has rallied up to the neckline of the reverse H & S pattern.
The OSX continues to struggle and was the last laggard on the day.