One thing that is happening today which tends to suggest we will get more upside out of this current leg up (I sold 25% of my longs yesterday and continue to hold the rest) is the improvement on the 5 min charts, this effectively lengthens the duration of the bounce.
The DIA is now in line with the price trend.
The Q's have gained ground today on the 5 min charts.
So has the SPY.
This is good for our long positions, despite whatever may happen intraday.
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