Mid-day Update… The anti-antiTrump rally?

Hyperbolic relentless rally probing new highs.

I’ve been repeating in the chaRTroom to reconsider stepping in front of persistently overbought 3-mijnute RSI. It is usually very unprofitable, except for one time, with many more points and much more time than expected in between. Today’s example is already 19 points  and three timing windows long.

Meanwhile, all “unfinished business above” is now fulfilled. At least, all that was required up to the 2220.00 objective which triggered two weeks ago above 2192.00. This afternoon’s 2222.00 bias-up target was exceeded in time to renew the bias-up signal, next targeting 2232.25, which is being pierced now by 2 points.

Until persistently overbought 3-minute RSI is undone, any reaction down would be only temporary. And it would likely target 2222.00. Otherwise, there is no requirement for a temporary dip, and room for noise above 2232.25  is 2235.25-2237.00.

Today’s only signal triggered above 2210.25, and no pullback limit has been violated. This isn’t the largest single signal we’ve ever traded, but it’s by far the largest single buy signal.