historical data show if SPX is up 5 straight days in the roll with big percentages, the momentum carries the trend higher. This rally has participation!
I,m just a little concerned that the piercing of the 50 day ma on the ES was on decreasing volume thursday and friday, when for a sustainable move I would have liked to have seen increasing volume when going through the 50 ma. Now I know it was Fourth of July long weekend coming up and volume would normally be very light on Friday. Then to complicate matters more, we had the end of quarter window dressing. Nevertheless. "To the Moon, Alice!"
thats a trap for all internet bubble fricks. they think good times are back. shorts will work like a charm while they bleed out