Unfortunately, the box of new subtitles I ordered from Amazon STILL hasn't arrived, so (as I feared might happen) I've been forced to dip into that old box of cheap Chinese knock-offs. "Any subtitle in a storm," as the saying goes. I guess I should be thankful that I never threw them away since, due to environmental regulations, it's illegal to dispose of Chinese subtitles in landfills (I guess the concern is that unregulated foreign subtitles could confuse local wildlife). Otherwise we'd be left with no subtitles AT ALL.
Anyway, last update ended with: "In conclusion, not a lot to say, other than to repeat that as long as the uptrend stays intact, things remain bullish." And SPX then went on to make a new all time high during that session, and presently appears poised to do so again at today's open. No change to this first chart.
COMPQ has also made a new high:
And finally, I want to reprint this very long-term chart (below) again, because it's important to understand the extraordinary nature of what we are presently witnessing. We're talking about a market that currently appears to be attempting to expand into territory the likes of which has never been seen in market history. If this expansion succeeds, then black (the current line SPX is trying to break out over) is going to become an important zone for bulls to hold in the future:
In conclusion, as long as the bulls maintain the uptrend on the first chart, there's nothing to indicate the tide is turning. Yes, that could always change tomorrow... but if it doesn't, then betting against the bulls might remain painful. Trade safe.
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