http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p38955316076&a=266398464
You have heard of the famous market engraved invitation. Here it is in the flesh. Strong buying signals with the gap on top of power bars. We bought additions to our SPX position and will buy more next week.
These invitations were scattered throughout the market. Here QQQ:
http://stockcharts.com/h-sc/ui?s=QQQ&p=D&yr=0&mn=6&dy=0&id=p10072938397&a=266692690
We think tech is extremely important and would attempt to make this into a long term trend trade.